PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Significant Decline in Short Interest

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 16,406 shares, a drop of 60.0% from the April 30th total of 41,029 shares. Based on an average trading volume of 48,602 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Advocacy Wealth Management LLC raised its stake in PIMCO Low Duration Exchange-Traded Fund by 102.6% during the third quarter. Advocacy Wealth Management LLC now owns 891,551 shares of the company’s stock worth $85,718,000 after purchasing an additional 451,566 shares during the period. LPL Financial LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 38.6% in the fourth quarter. LPL Financial LLC now owns 597,089 shares of the company’s stock worth $57,288,000 after acquiring an additional 166,306 shares in the last quarter. Cetera Investment Advisers increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 482.3% in the first quarter. Cetera Investment Advisers now owns 158,558 shares of the company’s stock worth $15,193,000 after acquiring an additional 131,327 shares in the last quarter. Gateway Wealth Partners LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 120.8% in the first quarter. Gateway Wealth Partners LLC now owns 176,020 shares of the company’s stock worth $16,866,000 after acquiring an additional 96,291 shares in the last quarter. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the first quarter worth $7,239,000.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

NYSEARCA LDUR opened at $95.27 on Tuesday. PIMCO Low Duration Exchange-Traded Fund has a one year low of $95.07 and a one year high of $96.60. The firm’s fifty day moving average is $95.56 and its two-hundred day moving average is $95.88.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.