Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Decreases By 72.6%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 31,534 shares, a decline of 72.6% from the April 30th total of 115,164 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 310,919 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.2%

NYSEARCA:MUNI opened at $52.42 on Friday. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52-week low of $50.74 and a 52-week high of $53.37. The stock has a fifty day simple moving average of $52.29 and a 200-day simple moving average of $52.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. DecisionMap Wealth Management LLC grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 13.4% in the 4th quarter. DecisionMap Wealth Management LLC now owns 4,450 shares of the company’s stock valued at $233,000 after buying an additional 527 shares during the period. GAMMA Investing LLC grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 45.9% in the 4th quarter. GAMMA Investing LLC now owns 59,248 shares of the company’s stock valued at $3,105,000 after buying an additional 18,652 shares during the period. JPMorgan Chase & Co. grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock valued at $65,028,000 after buying an additional 74,920 shares during the period. Staley Capital Advisers Inc. grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 10.0% in the 3rd quarter. Staley Capital Advisers Inc. now owns 11,000 shares of the company’s stock valued at $575,000 after buying an additional 1,000 shares during the period. Finally, 49 Wealth Management LLC grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.9% in the 3rd quarter. 49 Wealth Management LLC now owns 9,280 shares of the company’s stock valued at $485,000 after buying an additional 838 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.