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

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 591,160 shares, an increase of 85.6% from the February 26th total of 318,551 shares. Based on an average daily volume of 1,712,722 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Performance

Shares of MINT traded up $0.02 during mid-day trading on Friday, reaching $100.54. 2,572,124 shares of the company’s stock traded hands, compared to its average volume of 1,484,092. The business’s 50-day moving average price is $100.54 and its 200-day moving average price is $100.51. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 12 month low of $100.04 and a 12 month high of $100.72.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MINT. Koenig Investment Advisory LLC bought a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the fourth quarter valued at about $9,269,000. Birchwood Financial Partners Inc. acquired a new position in PIMCO Enhanced Short Maturity Exchange-Traded Fund during the 4th quarter valued at about $652,000. Ameriflex Group Inc. bought a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the 4th quarter worth about $768,000. NewEdge Advisors LLC lifted its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.8% in the 4th quarter. NewEdge Advisors LLC now owns 463,424 shares of the company’s stock worth $46,500,000 after acquiring an additional 127,065 shares during the period. Finally, Cahill Financial Advisors Inc. boosted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 35.2% in the fourth quarter. Cahill Financial Advisors Inc. now owns 77,379 shares of the company’s stock valued at $7,764,000 after acquiring an additional 20,143 shares in the last quarter.

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.