Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Expands By 116.0%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 42,550 shares, an increase of 116.0% from the June 15th total of 19,698 shares. Based on an average trading volume of 72,539 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the 1st quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock valued at $305,000 after buying an additional 547 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter valued at $77,000. Bank of New York Mellon Corp increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% during the first quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after buying an additional 3,198 shares during the period. Captrust Financial Advisors bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at about $460,000. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock valued at $3,592,000 after acquiring an additional 1,121 shares in the last quarter.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.0%

Shares of CORP traded down $0.02 during mid-day trading on Thursday, hitting $95.88. 46,863 shares of the stock were exchanged, compared to its average volume of 96,743. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52-week low of $95.36 and a 52-week high of $99.63. The firm has a 50-day moving average of $96.47 and a two-hundred day moving average of $97.27.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

The PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated investment-grade corporate bonds. CORP was launched on Sep 20, 2010 and is managed by PIMCO.