PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,119 shares, a drop of 70.8% from the September 30th total of 20,961 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 137,034 shares, the short-interest ratio is presently 0.0 days.
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.2%
Shares of NYSEARCA CORP traded up $0.19 during trading hours on Thursday, hitting $93.29. The company had a trading volume of 78,745 shares, compared to its average volume of 107,176. The firm’s 50 day moving average is $93.30 and its 200-day moving average is $96.00. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1-year low of $91.07 and a 1-year high of $99.24.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CORP. Evensky & Katz LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter valued at $326,000. Farther Finance Advisors LLC raised its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 43.6% during the third quarter. Farther Finance Advisors LLC now owns 19,135 shares of the company’s stock worth $1,757,000 after purchasing an additional 5,806 shares during the period. Arkadios Wealth Advisors raised its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the first quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock worth $305,000 after buying an additional 547 shares during the last quarter. RMG Wealth Management LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at about $77,000. Finally, Bank of New York Mellon Corp boosted its position 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 last quarter.
About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
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.
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