PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sees Large Drop in Short Interest

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 325,631 shares, a drop of 82.2% from the September 30th total of 1,832,799 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,100,958 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

Institutional investors have recently modified their holdings of the business. Arrow Financial Corp acquired a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the third quarter worth $309,000. Kingswood Wealth Advisors LLC lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 442.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 97,915 shares of the company’s stock valued at $9,845,000 after acquiring an additional 79,864 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 3rd quarter valued at $1,040,000. Vima LLC lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 12.1% in the 3rd quarter. Vima LLC now owns 56,033 shares of the company’s stock valued at $5,634,000 after acquiring an additional 6,032 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 3rd quarter worth $39,000.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Performance

NYSEARCA:MINT remained flat at $100.65 on Wednesday. The company’s stock had a trading volume of 1,454,196 shares, compared to its average volume of 1,700,640. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 1 year low of $100.23 and a 1 year high of $100.82. The stock’s fifty day moving average price is $100.57 and its 200-day moving average price is $100.57.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.