PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Down 39.5% in June

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 27,599 shares, a decrease of 39.5% from the June 15th total of 45,633 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 94,792 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several hedge funds have recently added to or reduced their stakes in SMMU. AIFG Consultants Ltd. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the fourth quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock valued at $2,488,000 after purchasing an additional 1,620 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $242,000. Essex Bank purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $300,000. Farther Finance Advisors LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 23,674 shares of the company’s stock valued at $1,194,000 after buying an additional 6,929 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at $582,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0%

Shares of SMMU stock traded down $0.03 during mid-day trading on Thursday, reaching $50.33. The stock had a trading volume of 12,839 shares, compared to its average volume of 115,373. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 12-month low of $50.11 and a 12-month high of $50.90. The business has a 50-day simple moving average of $50.40 and a 200 day simple moving average of $50.53.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).