PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Update

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 14,364 shares, a growth of 66.8% from the November 30th total of 8,611 shares. Based on an average daily trading volume, of 70,325 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,325 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% in the 3rd quarter. Captrust Financial Advisors now owns 956,854 shares of the company’s stock valued at $48,388,000 after purchasing an additional 432,791 shares during the period. Strategic Wealth Partners Ltd. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter worth approximately $582,000. Flow Traders U.S. LLC acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at $2,770,000. Davis R M Inc. grew its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the 3rd quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock valued at $3,667,000 after acquiring an additional 4,147 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after acquiring an additional 65,491 shares during the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.0%

Shares of NYSEARCA SMMU traded down $0.01 during midday trading on Tuesday, reaching $50.55. The company’s stock had a trading volume of 48,315 shares, compared to its average volume of 106,204. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a one year low of $45.50 and a one year high of $52.02. The company has a 50 day moving average price of $50.48 and a 200 day moving average price of $50.40.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).