PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sees Significant Growth in Short Interest

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 591,160 shares, an increase of 85.6% from the February 26th total of 318,551 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,712,722 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Up 0.0%

PIMCO Enhanced Short Maturity Exchange-Traded Fund stock traded up $0.02 during midday trading on Friday, hitting $100.54. 2,572,124 shares of the stock were exchanged, compared to its average volume of 1,484,092. The company has a fifty day simple moving average of $100.54 and a two-hundred day simple moving average of $100.51. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 52 week low of $100.04 and a 52 week high of $100.72.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.34 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Trading of PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of institutional investors have recently made changes to their positions in MINT. JPMorgan Chase & Co. grew its stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 4.4% in the 4th quarter. JPMorgan Chase & Co. now owns 32,615,613 shares of the company’s stock valued at $3,272,651,000 after buying an additional 1,368,763 shares during the last quarter. NewEdge Advisors LLC lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.8% during the fourth quarter. NewEdge Advisors LLC now owns 463,424 shares of the company’s stock worth $46,500,000 after acquiring an additional 127,065 shares during the last quarter. Hollencrest Capital Management lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 25,423.5% during the third quarter. Hollencrest Capital Management now owns 333,337 shares of the company’s stock worth $33,564,000 after acquiring an additional 332,031 shares during the last quarter. Providence First Trust Co boosted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 25.2% during the fourth quarter. Providence First Trust Co now owns 191,520 shares of the company’s stock worth $19,217,000 after acquiring an additional 38,503 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 131.6% in the second quarter. BNP Paribas Financial Markets now owns 165,922 shares of the company’s stock valued at $16,681,000 after purchasing an additional 94,279 shares during the last quarter.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.