Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Increases By 256.5%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 58,481 shares, an increase of 256.5% from the May 14th total of 16,406 shares. Based on an average trading volume of 50,983 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are short sold.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.0%

LDUR traded down $0.04 during trading hours on Friday, hitting $95.40. The stock had a trading volume of 32,383 shares, compared to its average volume of 79,499. The company’s fifty day simple moving average is $95.51 and its 200 day simple moving average is $95.83. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $95.07 and a 1 year high of $96.60.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

Several large investors have recently added to or reduced their stakes in LDUR. Jane Street Group LLC increased its holdings in PIMCO Low Duration Exchange-Traded Fund by 730.2% in the 1st quarter. Jane Street Group LLC now owns 49,652 shares of the company’s stock worth $4,765,000 after acquiring an additional 43,671 shares during the last quarter. Raymond James Financial Inc. increased its holdings in PIMCO Low Duration Exchange-Traded Fund by 138.4% in the 2nd quarter. Raymond James Financial Inc. now owns 57,353 shares of the company’s stock worth $5,496,000 after acquiring an additional 33,292 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 3.3% in the second quarter. Bank of America Corp DE now owns 360,068 shares of the company’s stock worth $34,505,000 after acquiring an additional 11,453 shares during the period. Curi Capital LLC boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 44.8% in the second quarter. Curi Capital LLC now owns 4,915 shares of the company’s stock worth $471,000 after acquiring an additional 1,521 shares during the period. Finally, Great Valley Advisor Group Inc. bought a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the second quarter worth $1,869,000.

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.