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 significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 22,539 shares, a decrease of 29.4% from the February 26th total of 31,935 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 296,583 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock valued at $65,028,000 after purchasing an additional 74,920 shares during the last quarter. WCG Wealth Advisors LLC lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the 4th 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 during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.2% during the 3rd quarter. NewEdge Advisors LLC now owns 440,622 shares of the company’s stock worth $23,036,000 after acquiring an additional 21,607 shares during the last quarter. Davis R M Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.6% in the fourth quarter. Davis R M Inc. now owns 333,667 shares of the company’s stock worth $17,487,000 after acquiring an additional 23,469 shares in the last quarter. Finally, Quotient Wealth Partners LLC increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.0% in the fourth quarter. Quotient Wealth Partners LLC now owns 324,128 shares of the company’s stock valued at $16,988,000 after acquiring an additional 21,196 shares during the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.0%

Shares of MUNI stock traded up $0.01 on Friday, reaching $51.99. The company’s stock had a trading volume of 372,131 shares, compared to its average volume of 332,653. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12-month low of $49.58 and a 12-month high of $53.37. The stock’s 50 day simple moving average is $52.78 and its 200-day simple moving average is $52.59.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, March 2nd.

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.