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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a large decrease in short interest in 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 shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 336,608 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.6% during the 2nd quarter. Private Trust Co. NA now owns 34,172 shares of the company’s stock worth $1,755,000 after acquiring an additional 205 shares during the last quarter. Foster & Motley Inc. increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 8.3% in the second quarter. Foster & Motley Inc. now owns 66,938 shares of the company’s stock valued at $3,438,000 after buying an additional 5,120 shares during the period. Quotient Wealth Partners LLC raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.0% in the 2nd quarter. Quotient Wealth Partners LLC now owns 302,947 shares of the company’s stock valued at $15,559,000 after buying an additional 14,481 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% during the second quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock valued at $122,000 after acquiring an additional 1,542 shares during the last quarter. Finally, Elyxium Wealth LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 65.5% during the 2nd quarter. Elyxium Wealth LLC now owns 50,736 shares of the company’s stock worth $2,606,000 after purchasing an additional 20,076 shares during the last quarter.

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

MUNI traded up $0.09 during trading on Thursday, hitting $53.07. 248,008 shares of the stock traded hands, compared to its average volume of 367,311. The business has a 50 day moving average price of $52.63 and a 200 day moving average price of $52.28. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a twelve month low of $49.58 and a twelve month high of $53.08.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.14 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 3.2%.

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.