PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Down 71.7% in August

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 9,913 shares, a drop of 71.7% from the July 30th total of 35,079 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 57,794 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds have recently modified their holdings of CORP. Captrust Financial Advisors bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth approximately $460,000. Arkadios Wealth Advisors bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at $255,000. Integrated Wealth Concepts LLC lifted its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock valued at $3,592,000 after purchasing an additional 1,121 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $54,000. Finally, Keystone Financial Group boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% in the third quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock worth $287,000 after purchasing an additional 129 shares in the last quarter.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Performance

CORP stock traded down $0.02 during trading on Thursday, hitting $95.44. The company had a trading volume of 23,481 shares, compared to its average volume of 106,105. The business has a 50 day moving average of $95.70 and a 200 day moving average of $96.67. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $94.49 and a fifty-two week high of $99.63.

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.