PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Up 66.8% in December

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 14,364 shares, an increase of 66.8% from the November 30th total of 8,611 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 70,325 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 70,325 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0%

SMMU traded down $0.01 on Friday, hitting $50.53. 95,470 shares of the stock were exchanged, compared to its average volume of 106,364. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 12 month low of $45.50 and a 12 month high of $52.02. The business has a 50-day moving average of $50.48 and a two-hundred day moving average of $50.40.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Large investors have recently made changes to their positions in the company. Titleist Asset Management LLC increased its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the first quarter. Titleist Asset Management LLC now owns 10,439 shares of the company’s stock valued at $522,000 after acquiring an additional 344 shares during the last quarter. Anchor Investment Management LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 33.3% during the first quarter. Anchor Investment Management LLC now owns 8,000 shares of the company’s stock worth $400,000 after purchasing an additional 2,000 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 19,973 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,041 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $310,000. Finally, NewSquare Capital LLC increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.3% in the 2nd quarter. NewSquare Capital LLC now owns 26,172 shares of the company’s stock valued at $1,313,000 after purchasing an additional 584 shares during the last quarter.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).