PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Decline in Short Interest

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 6,119 shares, a decline of 70.8% from the September 30th total of 20,961 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 137,034 shares, the short-interest ratio is presently 0.0 days.

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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock traded up $0.07 during mid-day trading on Friday, reaching $93.36. 64,337 shares of the company were exchanged, compared to its average volume of 106,962. The company has a fifty day simple moving average of $93.26 and a 200-day simple moving average of $95.98. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 12 month low of $91.07 and a 12 month high of $99.24.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Large investors have recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 1st quarter worth approximately $77,000. Arkadios Wealth Advisors lifted its stake 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 purchasing an additional 547 shares during the last quarter. Evensky & Katz LLC bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the third quarter worth $326,000. Bank of New York Mellon Corp boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after purchasing an additional 3,198 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 43.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,135 shares of the company’s stock valued at $1,757,000 after purchasing an additional 5,806 shares in 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.