Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Decreases By 72.6%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 31,534 shares, a decline of 72.6% from the April 30th total of 115,164 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 310,919 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cozad Asset Management Inc. acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $379,000. FreeGulliver LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $261,000. Bessemer Group Inc. acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $2,088,000. Bank of New York Mellon Corp lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 24.1% during the 1st quarter. Bank of New York Mellon Corp now owns 78,227 shares of the company’s stock worth $4,083,000 after acquiring an additional 15,169 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 26.2% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 45,700 shares of the company’s stock worth $2,385,000 after acquiring an additional 9,500 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.2%

Shares of NYSEARCA:MUNI opened at $52.42 on Friday. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1 year low of $50.74 and a 1 year high of $53.37. The stock has a 50-day simple moving average of $52.29 and a 200-day simple moving average of $52.56.

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.