PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Short Interest Report for September

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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

Shares of MUNI stock 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 company’s 50 day moving average is $50.93 and its two-hundred day moving average is $51.81. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1 year low of $49.28 and a 1 year high of $53.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Robinswood Financial LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter worth $80,000. Provenance Wealth Advisors LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth $156,000. First Community Trust NA purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth $182,000. FreeGulliver LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth $311,000.

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.