Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Rises By 123.5%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 117,851 shares, an increase of 123.5% from the August 15th total of 52,739 shares. Based on an average daily volume of 310,167 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

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

Large investors have recently added to or reduced their stakes in the company. WCG Wealth Advisors LLC lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after purchasing an additional 611,375 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth about $2,399,000. Elyxium Wealth LLC raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% in the fourth quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock valued at $5,400,000 after purchasing an additional 42,163 shares during the period. Bessemer Group Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $2,088,000. Finally, Staley Capital Advisers Inc. raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% in the first quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock valued at $2,229,000 after purchasing an additional 31,700 shares during the period.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

Shares of MUNI traded down $0.04 during mid-day trading on Monday, hitting $50.62. The stock had a trading volume of 51,399 shares, compared to its average volume of 336,906. The business has a fifty day moving average price of $51.75 and a 200-day moving average price of $52.20. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52 week low of $50.53 and a 52 week high of $53.37.

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.