PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Update

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 40,977 shares, a decrease of 69.3% from the March 31st total of 133,592 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 307,995 shares, the short-interest ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

NYSEARCA:MUNI opened at $52.57 on Friday. The firm has a 50-day moving average of $52.60 and a two-hundred day moving average of $52.60. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1-year low of $50.74 and a 1-year high of $53.37.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DecisionMap Wealth Management LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $205,000. Premier Financial Group bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $94,000. PUREfi Wealth LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $636,000. Strategic Blueprint LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $204,000. Finally, Foster & Motley Inc. lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 34.5% during the third quarter. Foster & Motley Inc. now owns 90,028 shares of the company’s stock worth $4,707,000 after purchasing an additional 23,090 shares during the last quarter.

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.