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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 52,739 shares, a growth of 171.8% from the July 30th total of 19,405 shares. Based on an average trading volume of 352,081 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

Shares of MUNI traded up $0.01 during mid-day trading on Friday, hitting $51.67. The company’s stock had a trading volume of 375,434 shares, compared to its average volume of 326,179. The firm has a 50-day moving average price of $52.04 and a 200 day moving average price of $52.34. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a fifty-two week low of $51.20 and a fifty-two week high of $53.37.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. WCG Wealth Advisors LLC lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after acquiring an additional 611,375 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth $2,399,000. Elyxium Wealth LLC raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% during 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. Bessemer Group Inc. acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth $2,088,000. Finally, Staley Capital Advisers Inc. lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% during the first quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock valued at $2,229,000 after purchasing an additional 31,700 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.