PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Shares Shorted: Short Interest Down 64.3% in September

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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

NYSEARCA MUNI traded down $0.17 during trading on Friday, hitting $49.81. 1,047,301 shares of the company’s stock traded hands, compared to its average volume of 364,427. The stock has a fifty day moving average of $51.37 and a two-hundred day moving average of $52.01. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12-month low of $49.74 and a 12-month high of $53.37.

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

Several institutional investors have recently bought and sold shares of the stock. WCG Wealth Advisors LLC grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after acquiring an additional 611,375 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $2,088,000. Staley Capital Advisers Inc. boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% in the first quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock valued at $2,229,000 after acquiring an additional 31,700 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at about $1,261,000. Finally, Centennial Bank AR raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1,124.4% in the 4th quarter. Centennial Bank AR now owns 25,688 shares of the company’s stock worth $1,346,000 after acquiring an additional 23,590 shares in the last quarter.

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.