PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Large Growth in Short Interest

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 43,246 shares, a growth of 38.1% from the January 29th total of 31,308 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 366,285 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 366,285 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

NYSEARCA MUNI traded down $0.20 on Tuesday, reaching $52.88. 624,639 shares of the stock were exchanged, compared to its average volume of 336,918. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a one year low of $49.58 and a one year high of $53.37. The company’s 50-day simple moving average is $52.83 and its two-hundred day simple moving average is $52.47.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

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

Institutional investors have recently bought and sold shares of the business. One Capital Management LLC grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.7% during the 4th quarter. One Capital Management LLC now owns 18,652 shares of the company’s stock valued at $978,000 after buying an additional 305 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $35,000. Centennial Bank AR boosted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1,124.4% during the fourth quarter. Centennial Bank AR now owns 25,688 shares of the company’s stock worth $1,346,000 after acquiring an additional 23,590 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.4% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,378 shares of the company’s stock valued at $177,000 after acquiring an additional 290 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% during the fourth quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock valued at $472,000 after acquiring an additional 402 shares in the last quarter.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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.