PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 41,029 shares, a growth of 128.3% from the April 15th total of 17,972 shares. Based on an average trading volume of 39,689 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the company’s stock are sold short.
PIMCO Low Duration Exchange-Traded Fund Stock Down 0.2%
Shares of NYSEARCA:LDUR traded down $0.15 during trading on Friday, hitting $95.30. The stock had a trading volume of 69,150 shares, compared to its average volume of 86,623. PIMCO Low Duration Exchange-Traded Fund has a 12 month low of $95.07 and a 12 month high of $96.60. The firm’s fifty day moving average is $95.62 and its 200 day moving average is $95.92.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in LDUR. Jane Street Group LLC raised its position in shares of 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 in the last quarter. Raymond James Financial Inc. increased its position in PIMCO Low Duration Exchange-Traded Fund by 138.4% during the 2nd quarter. Raymond James Financial Inc. now owns 57,353 shares of the company’s stock valued at $5,496,000 after buying an additional 33,292 shares in the last quarter. Bank of America Corp DE increased its position in PIMCO Low Duration Exchange-Traded Fund by 3.3% during the 2nd 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 in the last quarter. Curi Capital LLC increased its position in PIMCO Low Duration Exchange-Traded Fund by 44.8% during the 2nd 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 in the last quarter. Finally, Great Valley Advisor Group Inc. bought a new position in PIMCO Low Duration Exchange-Traded Fund during the 2nd quarter valued at approximately $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.
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