PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Down 61.3% in August

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 11,324 shares, a drop of 61.3% from the July 30th total of 29,236 shares. Based on an average daily trading volume, of 191,808 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Several hedge funds have recently bought and sold shares of LDUR. Jane Street Group LLC grew its position in shares of PIMCO Low Duration Exchange-Traded Fund by 730.2% during the first quarter. Jane Street Group LLC now owns 49,652 shares of the company’s stock valued at $4,765,000 after purchasing an additional 43,671 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 138.4% in the second quarter. Raymond James Financial Inc. now owns 57,353 shares of the company’s stock worth $5,496,000 after buying an additional 33,292 shares in the last quarter. Bank of America Corp DE boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 3.3% during the second quarter. Bank of America Corp DE now owns 360,068 shares of the company’s stock valued at $34,505,000 after buying an additional 11,453 shares during the last quarter. Curi Capital LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 44.8% during the second quarter. Curi Capital LLC now owns 4,915 shares of the company’s stock valued at $471,000 after buying an additional 1,521 shares during the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 2nd quarter valued at approximately $1,869,000.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.2%

Shares of PIMCO Low Duration Exchange-Traded Fund stock traded down $0.22 on Friday, hitting $95.25. 65,749 shares of the company traded hands, compared to its average volume of 80,663. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $95.05 and a 52 week high of $96.60. The business has a 50-day simple moving average of $95.36 and a 200 day simple moving average of $95.56.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.