PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Up 88.3% in December

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 27,048 shares, an increase of 88.3% from the December 15th total of 14,364 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 113,749 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 113,749 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.0%

SMMU stock traded up $0.02 during midday trading on Thursday, hitting $50.66. 71,259 shares of the company traded hands, compared to its average volume of 77,785. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a twelve month low of $45.50 and a twelve month high of $52.02. The business has a 50 day simple moving average of $50.49 and a 200-day simple moving average of $50.44.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 2.8%.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several large investors have recently made changes to their positions in SMMU. United Community Bank bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth about $94,000. Prime Capital Investment Advisors LLC acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $310,000. Strategic Wealth Partners Ltd. acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter worth about $582,000. Titleist Asset Management LLC boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 32.9% during the 2nd quarter. Titleist Asset Management LLC now owns 13,872 shares of the company’s stock worth $696,000 after buying an additional 3,433 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 19,973 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,041 shares in the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).