PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Shares Shorted: Short Interest Up 443.9% in September

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 229,069 shares, an increase of 443.9% from the September 15th total of 42,118 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,156,206 shares, the short-interest ratio is currently 0.2 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.4%

NYSEARCA MUNI traded up $0.20 during trading hours on Friday, reaching $49.79. 1,669,263 shares of the company’s stock were exchanged, compared to its average volume of 464,099. The firm has a fifty day moving average of $50.93 and a 200-day moving average of $51.81. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a one year low of $49.28 and a one year high of $53.37.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quotient Wealth Partners LLC grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.6% during the first quarter. Quotient Wealth Partners LLC now owns 345,489 shares of the company’s stock worth $18,031,000 after purchasing an additional 21,361 shares during the last quarter. Morton Brown Family Wealth LLC increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.2% in the first quarter. Morton Brown Family Wealth LLC now owns 180,642 shares of the company’s stock valued at $9,428,000 after buying an additional 10,466 shares in the last quarter. Foster & Motley Inc. raised its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 15.1% in the first quarter. Foster & Motley Inc. now owns 141,690 shares of the company’s stock valued at $7,395,000 after buying an additional 18,596 shares during the last quarter. Steph & Co. raised its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 17.6% in the third quarter. Steph & Co. now owns 82,113 shares of the company’s stock valued at $4,080,000 after buying an additional 12,287 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.2% in the second quarter. GAMMA Investing LLC now owns 80,039 shares of the company’s stock valued at $4,210,000 after buying an additional 11,175 shares during the last quarter.

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.