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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 83,702 shares, an increase of 70.3% from the November 30th total of 49,136 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 348,725 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 348,725 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MUNI. JPMorgan Chase & Co. increased its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock valued at $65,028,000 after acquiring an additional 74,920 shares during the period. Newman Dignan & Sheerar Inc. bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the second quarter worth approximately $3,456,000. Arkadios Wealth Advisors acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth approximately $2,241,000. Integrated Wealth Concepts LLC lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 68.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 104,513 shares of the company’s stock valued at $5,388,000 after acquiring an additional 42,633 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 24.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 121,842 shares of the company’s stock worth $6,366,000 after acquiring an additional 23,814 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

MUNI traded up $0.01 during trading on Tuesday, hitting $52.57. 119,153 shares of the company’s stock were exchanged, compared to its average volume of 331,203. The stock has a 50 day moving average price of $52.53 and a 200 day moving average price of $51.93. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1 year low of $49.58 and a 1 year high of $52.75.

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.