PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Update
by Jessica Moore · The Cerbat GemPIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 65,081 shares, a decline of 44.5% from the March 15th total of 117,261 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 48,745 shares, the short-interest ratio is presently 1.3 days.
PIMCO Low Duration Exchange-Traded Fund Stock Performance
Shares of LDUR stock traded down $0.07 on Wednesday, reaching $95.67. 34,627 shares of the stock were exchanged, compared to its average volume of 99,792. The business’s 50 day moving average price is $95.86 and its 200 day moving average price is $95.99. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $95.05 and a twelve month high of $96.60.
PIMCO Low Duration Exchange-Traded Fund Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.30 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, March 2nd.
Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund
Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 192,736 shares of the company’s stock valued at $18,506,000 after acquiring an additional 4,018 shares in the last quarter. Capital Asset Advisory Services LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 4.5% in the fourth quarter. Capital Asset Advisory Services LLC now owns 3,837 shares of the company’s stock valued at $368,000 after acquiring an additional 166 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 26.5% in the third quarter. CreativeOne Wealth LLC now owns 30,260 shares of the company’s stock valued at $2,909,000 after acquiring an additional 6,337 shares in the last quarter. Clearstead Advisors LLC acquired a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at $26,000. Finally, HighTower Advisors LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 5.0% in the third quarter. HighTower Advisors LLC now owns 137,875 shares of the company’s stock valued at $13,257,000 after acquiring an additional 6,521 shares in the last quarter.
About PIMCO Low Duration Exchange-Traded Fund
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.