PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sees Large Increase in Short Interest

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 601,496 shares, a growth of 779.2% from the January 15th total of 68,412 shares. Based on an average daily trading volume, of 1,395,226 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,395,226 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 31,246,850 shares of the company’s stock worth $3,146,245,000 after purchasing an additional 2,959,588 shares during the last quarter. Hollencrest Capital Management grew its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 25,423.5% in the 3rd quarter. Hollencrest Capital Management now owns 333,337 shares of the company’s stock valued at $33,564,000 after buying an additional 332,031 shares during the period. Goodman Advisory Group LLC acquired a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the 2nd quarter worth approximately $13,998,000. NewEdge Advisors LLC increased its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 69.2% during the 3rd quarter. NewEdge Advisors LLC now owns 336,359 shares of the company’s stock worth $33,868,000 after buying an additional 137,554 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 131.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 165,922 shares of the company’s stock valued at $16,681,000 after buying an additional 94,279 shares during the period.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Up 0.0%

Shares of MINT traded up $0.02 during mid-day trading on Tuesday, hitting $100.50. 1,141,038 shares of the company were exchanged, compared to its average volume of 1,386,082. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 1-year low of $100.04 and a 1-year high of $100.75. The company has a 50 day moving average of $100.50 and a 200-day moving average of $100.50.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.