Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Increases By 123.5%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 117,851 shares, a growth of 123.5% from the August 15th total of 52,739 shares. Based on an average trading volume of 310,167 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.1%

Shares of NYSEARCA:MUNI traded down $0.04 during trading on Monday, hitting $50.62. 51,399 shares of the company were exchanged, compared to its average volume of 336,906. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52-week low of $50.53 and a 52-week high of $53.37. The stock has a 50 day moving average of $51.75 and a 200 day moving average of $52.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MUNI. Vermillion & White Wealth Management Group LLC grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.4% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 3,378 shares of the company’s stock valued at $177,000 after purchasing an additional 290 shares during the last quarter. One Capital Management LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.7% in the 4th quarter. One Capital Management LLC now owns 18,652 shares of the company’s stock worth $978,000 after purchasing an additional 305 shares during the period. AdvisorNet Financial Inc lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.9% in the first quarter. AdvisorNet Financial Inc now owns 6,382 shares of the company’s stock worth $333,000 after purchasing an additional 357 shares during the last quarter. Advisory Services Network LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% in the fourth quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock worth $472,000 after purchasing an additional 402 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $35,000.

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.