PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Update

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 83,702 shares, an increase of 70.3% from the November 30th total of 49,136 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 348,725 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 348,725 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock traded up $0.04 during trading on Monday, reaching $52.56. The company’s stock had a trading volume of 480,798 shares, compared to its average volume of 332,199. The company has a 50-day moving average price of $52.53 and a two-hundred day moving average price of $51.93. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a fifty-two week low of $49.58 and a fifty-two week high of $52.75.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock worth $65,028,000 after acquiring an additional 74,920 shares during the period. Newman Dignan & Sheerar Inc. acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the second quarter valued at about $3,456,000. Arkadios Wealth Advisors acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter valued at about $2,241,000. Integrated Wealth Concepts LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 68.9% during the first quarter. Integrated Wealth Concepts LLC now owns 104,513 shares of the company’s stock worth $5,388,000 after buying an additional 42,633 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 24.3% during the third quarter. Jones Financial Companies Lllp now owns 121,842 shares of the company’s stock worth $6,366,000 after buying an additional 23,814 shares during the period.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.