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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 19,405 shares, a decrease of 71.7% from the July 15th total of 68,543 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 311,841 shares, the short-interest ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently modified their holdings of the business. WCG Wealth Advisors LLC boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after buying an additional 611,375 shares during the last quarter. NewEdge Advisors LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.2% in the 3rd quarter. NewEdge Advisors LLC now owns 440,622 shares of the company’s stock valued at $23,036,000 after purchasing an additional 21,607 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.6% in the first quarter. Quotient Wealth Partners LLC now owns 345,489 shares of the company’s stock valued at $18,031,000 after buying an additional 21,361 shares in the last quarter. Davis R M Inc. boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.6% in the fourth quarter. Davis R M Inc. now owns 333,667 shares of the company’s stock valued at $17,487,000 after buying an additional 23,469 shares in the last quarter. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.2% during the first quarter. Morton Brown Family Wealth LLC now owns 180,642 shares of the company’s stock worth $9,428,000 after buying an additional 10,466 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock traded down $0.06 during trading on Friday, reaching $51.92. The company’s stock had a trading volume of 328,805 shares, compared to its average volume of 327,640. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a one year low of $51.20 and a one year high of $53.37. The stock has a 50-day moving average price of $52.18 and a two-hundred day moving average price of $52.42.

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.