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 January. As of January 30th, there was short interest totaling 31,308 shares, a decrease of 55.8% from the January 15th total of 70,753 shares. Based on an average daily trading volume, of 336,608 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 336,608 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

MUNI traded up $0.06 during midday trading on Friday, reaching $53.13. 236,647 shares of the company were exchanged, compared to its average volume of 362,955. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a one year low of $49.58 and a one year high of $53.17. The stock’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $52.30.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.14 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.2%.

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

Several hedge funds have recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the second quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth $35,000. BNP Paribas Financial Markets lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% during the third quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock worth $45,000 after acquiring an additional 853 shares in the last quarter. Premier Financial Group bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $94,000. Finally, Cullen Frost Bankers Inc. grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% in the second quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock valued at $122,000 after acquiring an additional 1,542 shares during the period.

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.