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 large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 29,734 shares, a decrease of 64.5% from the December 15th total of 83,702 shares. Based on an average daily trading volume, of 469,057 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 469,057 shares, the short-interest ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

MUNI stock traded up $0.04 during midday trading on Wednesday, hitting $52.74. The company’s stock had a trading volume of 375,127 shares, compared to its average volume of 406,114. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52-week low of $49.58 and a 52-week high of $52.76. The firm has a 50-day simple moving average of $52.52 and a 200-day simple moving average of $52.04.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 3.4%. This is a boost from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, December 31st.

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

Several large investors have recently bought and sold shares of MUNI. Farther Finance Advisors LLC grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 33.4% during the second quarter. Farther Finance Advisors LLC now owns 55,727 shares of the company’s stock worth $2,862,000 after purchasing an additional 13,937 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 2.3% in the 2nd quarter. GAMMA Investing LLC now owns 34,164 shares of the company’s stock valued at $1,755,000 after purchasing an additional 768 shares during the period. AdvisorNet Financial Inc grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 128.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,365 shares of the company’s stock worth $327,000 after buying an additional 3,574 shares during the last quarter. Steph & Co. grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 27.5% during the 2nd quarter. Steph & Co. now owns 100,831 shares of the company’s stock worth $5,179,000 after buying an additional 21,731 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 11.9% during the second quarter. Hanson & Doremus Investment Management now owns 57,372 shares of the company’s stock worth $2,947,000 after buying an additional 6,113 shares during the period.

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.