PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Update

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDURGet Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 65,081 shares, a drop of 44.5% from the March 15th total of 117,261 shares. Based on an average daily volume of 48,745 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.4% of the company’s shares are short sold.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of LDUR stock traded down $0.07 during mid-day trading on Wednesday, hitting $95.67. 34,627 shares of the company’s stock were exchanged, compared to its average volume of 99,792. PIMCO Low Duration Exchange-Traded Fund has a fifty-two week low of $95.05 and a fifty-two week high of $96.60. The stock has a 50-day simple moving average of $95.86 and a two-hundred day simple moving average of $95.99.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.30 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

A number of institutional investors and hedge funds have recently made changes to their positions in LDUR. Clearstead Advisors LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the third quarter valued at about $26,000. Kingdom Financial Group LLC. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $28,000. Rockefeller Capital Management L.P. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $36,000. Arax Advisory Partners acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $49,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $53,000.

About PIMCO Low Duration Exchange-Traded Fund

(Get Free Report)

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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