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 increase in short interest during the month of January. As of January 30th, there was short interest totaling 46,217 shares, an increase of 62.7% from the January 15th total of 28,400 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 132,836 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 132,836 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

SMMU traded up $0.03 during trading on Friday, reaching $50.83. 251,292 shares of the stock were exchanged, compared to its average volume of 112,933. The stock’s 50 day moving average price is $50.60 and its two-hundred day moving average price is $50.52. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a twelve month low of $45.50 and a twelve month high of $52.02.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%.

Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% during the 3rd quarter. Captrust Financial Advisors now owns 956,854 shares of the company’s stock worth $48,388,000 after acquiring an additional 432,791 shares during the last quarter. Davis R M Inc. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in 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 during the period. Flow Traders U.S. LLC acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at $2,770,000. Finally, AIFG Consultants Ltd. lifted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% during the 4th quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock valued at $2,488,000 after purchasing an additional 1,620 shares during the last quarter.

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).