PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Significant Decline in Short Interest

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 42,118 shares, a decrease of 64.3% from the August 31st total of 117,851 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 615,990 shares, the short-interest ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock traded down $0.31 during trading on Monday, reaching $49.50. The company had a trading volume of 1,526,428 shares, compared to its average volume of 370,708. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12-month low of $49.41 and a 12-month high of $53.37. The stock’s 50 day moving average price is $51.32 and its two-hundred day moving average price is $51.99.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several institutional investors have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. increased its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 43.8% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 65,700 shares of the company’s stock worth $3,456,000 after buying an additional 20,000 shares during the last quarter. GAMMA Investing LLC raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.2% in the 2nd quarter. GAMMA Investing LLC now owns 80,039 shares of the company’s stock worth $4,210,000 after buying an additional 11,175 shares during the period. Robinswood Financial LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at $80,000. Cozad Asset Management Inc. acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at $379,000. Finally, FreeGulliver LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at about $261,000.

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.