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

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 46,217 shares, an increase of 62.7% from the January 15th total of 28,400 shares. Based on an average daily volume of 132,836 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 132,836 shares, the short-interest ratio is presently 0.3 days.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

Shares of NYSEARCA SMMU traded up $0.03 during trading hours on Friday, hitting $50.83. 251,292 shares of the stock were exchanged, compared to its average volume of 112,933. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a one year low of $45.50 and a one year high of $52.02. The company’s 50 day moving average is $50.60 and its 200 day moving average is $50.52.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.11 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Hedge funds have recently added to or reduced their stakes in the business. United Community Bank bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter worth approximately $94,000. Essex Bank acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter worth $300,000. Strategic Wealth Partners Ltd. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth $582,000. Titleist Asset Management LLC increased its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 32.9% during the second quarter. Titleist Asset Management LLC now owns 13,872 shares of the company’s stock worth $696,000 after acquiring an additional 3,433 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at $700,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).