Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Declines By 55.8%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 31,308 shares, a decrease of 55.8% from the January 15th total of 70,753 shares. Based on an average trading volume of 336,608 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 336,608 shares, the short-interest ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.2%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock traded up $0.09 during mid-day trading on Thursday, hitting $53.07. 248,008 shares of the stock were exchanged, compared to its average volume of 367,311. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12 month low of $49.58 and a 12 month high of $53.08. The firm’s fifty day simple moving average is $52.63 and its two-hundred day simple moving average is $52.28.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Cuts Dividend

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

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Institutional investors have recently bought and sold shares of the company. WCG Wealth Advisors LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after buying an additional 611,375 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock valued at $65,028,000 after acquiring an additional 74,920 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter valued at $2,399,000. Arkadios Wealth Advisors bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth $2,241,000. Finally, Elyxium Wealth LLC grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% in the fourth quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock worth $5,400,000 after purchasing an additional 42,163 shares during the period.

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.