PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Up 138.0% in January

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 70,753 shares, an increase of 138.0% from the December 31st total of 29,734 shares. Based on an average daily trading volume, of 386,118 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 386,118 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 26.3% in the 2nd quarter. Baird Financial Group Inc. now owns 103,739 shares of the company’s stock valued at $5,328,000 after acquiring an additional 21,582 shares during the last quarter. Davis R M Inc. lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.1% during the second quarter. Davis R M Inc. now owns 315,353 shares of the company’s stock valued at $16,197,000 after purchasing an additional 12,410 shares during the period. Elyxium Wealth LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 65.5% in the second quarter. Elyxium Wealth LLC now owns 50,736 shares of the company’s stock valued at $2,606,000 after purchasing an additional 20,076 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock worth $122,000 after purchasing an additional 1,542 shares during the period. Finally, Quotient Wealth Partners LLC raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 302,947 shares of the company’s stock valued at $15,559,000 after buying an additional 14,481 shares during the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

MUNI stock remained flat at $52.83 during mid-day trading on Friday. 232,040 shares of the company’s stock were exchanged, compared to its average volume of 361,317. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a fifty-two week low of $49.58 and a fifty-two week high of $52.85. The company has a 50 day simple moving average of $52.57 and a 200-day simple moving average of $52.16.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were issued a $0.15 dividend. The ex-dividend date was Wednesday, December 31st. This is a positive change from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 3.4%.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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.