PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Up 116.0% in June

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 42,550 shares, an increase of 116.0% from the June 15th total of 19,698 shares. Based on an average trading volume of 72,539 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

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

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% during the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock worth $1,105,000 after buying an additional 3,198 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $4,126,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock valued at $13,848,000 after acquiring an additional 9,207 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of 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 valued at $17,744,000 after acquiring an additional 35,651 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,474 shares of the company’s stock valued at $2,187,000 after acquiring an additional 1,840 shares during the period.

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

Shares of NYSEARCA:CORP opened at $95.88 on Friday. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1 year low of $95.36 and a 1 year high of $99.63. The business’s 50-day moving average is $96.47 and its 200-day moving average is $97.27.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

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.