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 significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 74,967 shares, a growth of 192.1% from the July 30th total of 25,669 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 105,587 shares, the short-interest ratio is presently 0.7 days.

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

NYSEARCA SMMU traded down $0.01 during trading on Friday, hitting $50.29. The stock had a trading volume of 41,946 shares, compared to its average volume of 113,761. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 12 month low of $50.13 and a 12 month high of $50.90. The company’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $50.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Worth Asset Management LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter worth about $242,000. Essex Bank bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $300,000. Strategic Wealth Partners Ltd. acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter valued at about $582,000. XP Advisory US Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the second quarter worth about $605,000. Finally, Janney Montgomery Scott LLC bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $700,000.

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).