PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Large Drop in Short Interest

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 42,118 shares, a decrease of 64.3% from the August 31st total of 117,851 shares. Based on an average daily trading volume, of 615,990 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $35,000. Robinswood Financial LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth about $80,000. Provenance Wealth Advisors LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $156,000. FreeGulliver LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth about $311,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

MUNI stock traded down $0.17 during trading on Tuesday, hitting $49.33. 1,724,821 shares of the company’s stock were exchanged, compared to its average volume of 377,571. The business has a 50-day moving average price of $51.32 and a two-hundred day moving average price of $51.99. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52-week low of $49.28 and a 52-week high of $53.37.

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.