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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 115,164 shares, an increase of 181.0% from the April 15th total of 40,977 shares. Based on an average daily volume of 299,713 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

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

Hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $35,000. BNP Paribas Financial Markets raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 853 shares during the last quarter. Arax Advisory Partners bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $69,000. Cullen Frost Bankers Inc. raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 25.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 2,983 shares of the company’s stock valued at $156,000 after buying an additional 601 shares during the last quarter. Finally, Provenance Wealth Advisors LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at approximately $156,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.4%

Shares of MUNI traded down $0.21 during mid-day trading on Friday, reaching $52.04. The company had a trading volume of 393,764 shares, compared to its average volume of 328,763. The company’s 50 day simple moving average is $52.39 and its 200 day simple moving average is $52.59. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1-year low of $50.74 and a 1-year high of $53.37.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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.