Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Expands By 46.1%
by Amy Steele · The Cerbat GemPIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP – Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,244 shares, an increase of 46.1% from the March 15th total of 2,904 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 86,419 shares, the short-interest ratio is presently 0.0 days.
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Performance
NYSEARCA:CORP traded up $0.26 during mid-day trading on Tuesday, hitting $97.59. 73,963 shares of the stock were exchanged, compared to its average volume of 116,902. The firm’s 50-day simple moving average is $97.64 and its 200 day simple moving average is $98.14. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $94.42 and a fifty-two week high of $99.63.
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Increases Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.38 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37.
Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
Hedge funds have recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $4,126,000. NewEdge Advisors LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% during the 3rd quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock worth $17,744,000 after acquiring an additional 35,651 shares during the period. Evensky & Katz LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.1% during the 3rd quarter. Evensky & Katz LLC now owns 38,475 shares of the company’s stock worth $3,794,000 after acquiring an additional 16,244 shares during the period. Flow Traders U.S. LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock worth $8,026,000 after acquiring an additional 11,174 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock worth $13,848,000 after acquiring an additional 9,207 shares during the period.
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.