Short Interest in PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Declines By 84.0%

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 5,892 shares, a decline of 84.0% from the February 12th total of 36,805 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 93,944 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 93,944 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

Shares of SMMU stock traded down $0.03 on Tuesday, reaching $50.66. The company had a trading volume of 79,553 shares, compared to its average volume of 105,686. The company has a 50-day moving average of $50.70 and a 200-day moving average of $50.58. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 12 month low of $45.50 and a 12 month high of $52.02.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 2.8%.

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

Hedge funds have recently bought and sold shares of the company. United Community Bank bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth $94,000. Essex Bank acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $300,000. Strategic Wealth Partners Ltd. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter worth approximately $582,000. Titleist Asset Management LLC raised its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 32.9% in the second quarter. Titleist Asset Management LLC now owns 13,872 shares of the company’s stock valued at $696,000 after purchasing an additional 3,433 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter worth $700,000.

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).