Short Interest in PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Expands By 88.3%

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 27,048 shares, a growth of 88.3% from the December 15th total of 14,364 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 113,749 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 113,749 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

Shares of SMMU stock traded down $0.01 on Friday, reaching $50.66. 371,193 shares of the company were exchanged, compared to its average volume of 105,651. The company has a 50-day moving average of $50.49 and a 200-day moving average of $50.44. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a one year low of $45.50 and a one year high of $52.02.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.12 per share. This is a positive change from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, December 31st.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Titleist Asset Management LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 32.9% during the 2nd quarter. Titleist Asset Management LLC now owns 13,872 shares of the company’s stock worth $696,000 after purchasing an additional 3,433 shares in the last quarter. JPMorgan Chase & Co. raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 123.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 893,294 shares of the company’s stock valued at $44,817,000 after buying an additional 493,764 shares during the last quarter. AIFG Consultants Ltd. raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.7% in the 3rd quarter. AIFG Consultants Ltd. now owns 47,712 shares of the company’s stock valued at $2,413,000 after buying an additional 5,371 shares during the last quarter. United Community Bank bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at $94,000. Finally, Prime Capital Investment Advisors LLC boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 191.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,980 shares of the company’s stock worth $909,000 after acquiring an additional 11,805 shares during the last quarter.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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).