PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Significant Increase in Short Interest

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,853 shares, a growth of 269.7% from the September 30th total of 8,074 shares. Based on an average trading volume of 89,898 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

PIMCO Low Duration Exchange-Traded Fund Trading Up 0.1%

Shares of LDUR stock traded up $0.06 on Friday, hitting $94.69. 13,652 shares of the stock traded hands, compared to its average volume of 78,886. The firm’s 50-day moving average price is $94.55 and its two-hundred day moving average price is $95.36. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $93.74 and a twelve month high of $96.54.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Several institutional investors have recently made changes to their positions in the company. Nottingham Advisors Inc. acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the third quarter worth $450,000. Trek Financial LLC boosted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 38.1% during the third quarter. Trek Financial LLC now owns 12,639 shares of the company’s stock worth $1,190,000 after buying an additional 3,485 shares during the period. Elevation Capital Advisory LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at $884,000. MGO One Seven LLC grew its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 2.5% in the third quarter. MGO One Seven LLC now owns 18,429 shares of the company’s stock valued at $1,734,000 after buying an additional 446 shares in the last quarter. Finally, Greatmark Investment Partners Inc. purchased a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 3rd quarter valued at $902,000.

About PIMCO Low Duration Exchange-Traded Fund

The PIMCO Enhanced Low Duration Active Exchange-Traded Fund (LDUR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed broad-market, investment-grade bond fund with target duration between 1-3 years. LDUR was launched on Jan 22, 2014 and is managed by PIMCO.