Short Interest in PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Grows By 192.1%

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 74,967 shares, a growth of 192.1% from the July 30th total of 25,669 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 105,587 shares, the short-interest ratio is currently 0.7 days.

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

A number of institutional investors have recently modified their holdings of SMMU. John A. Wolfe & Associates Inc. purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $24,554,000. Captrust Financial Advisors boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% during the 4th quarter. Captrust Financial Advisors now owns 1,047,846 shares of the company’s stock valued at $52,843,000 after acquiring an additional 90,992 shares during the period. Bank of New York Mellon Corp acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter valued at about $2,924,000. Bessemer Group Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter valued at about $1,448,000. Finally, Hollencrest Capital Management increased its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1,378.7% during the fourth quarter. Hollencrest Capital Management now owns 21,145 shares of the company’s stock worth $1,066,000 after purchasing an additional 19,715 shares during the period.

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

PIMCO Short Term Municipal Bond Exchange-Traded Fund stock traded down $0.01 during trading on Friday, hitting $50.29. The company had a trading volume of 41,946 shares, compared to its average volume of 113,761. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 1-year low of $50.13 and a 1-year high of $50.90. The company’s 50 day simple moving average is $50.33 and its 200-day simple moving average is $50.45.

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).