PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Update

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 117,851 shares, a growth of 123.5% from the August 15th total of 52,739 shares. Based on an average daily trading volume, of 310,167 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

Shares of NYSEARCA MUNI traded down $0.11 during mid-day trading on Tuesday, hitting $50.48. The company had a trading volume of 852,174 shares, compared to its average volume of 342,728. The firm has a 50-day simple moving average of $51.71 and a two-hundred day simple moving average of $52.18. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a one year low of $50.47 and a one year high of $53.37.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. WCG Wealth Advisors LLC raised its position 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 worth $45,311,000 after acquiring an additional 611,375 shares in the last quarter. Elyxium Wealth LLC grew its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% in the 4th quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock valued at $5,400,000 after acquiring an additional 42,163 shares during the period. Bessemer Group Inc. bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at about $2,088,000. Staley Capital Advisers Inc. increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% during the 1st quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock worth $2,229,000 after purchasing an additional 31,700 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth about $1,261,000.

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.