PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Update

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 20,170 shares, a drop of 70.4% from the March 15th total of 68,037 shares. Based on an average trading volume of 127,839 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 23,404 shares of the company’s stock worth $1,184,000 after acquiring an additional 1,151 shares during the period. AIFG Consultants Ltd. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% during the 4th quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock worth $2,488,000 after acquiring an additional 1,620 shares during the period. United Community Bank bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter worth approximately $94,000. Davis R M Inc. raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock valued at $3,667,000 after buying an additional 4,147 shares during the last quarter. Finally, Essex Bank bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $300,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

NYSEARCA SMMU traded up $0.01 on Monday, reaching $50.48. 202,182 shares of the stock were exchanged, compared to its average volume of 115,707. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a one year low of $49.44 and a one year high of $50.90. The company’s 50-day simple moving average is $50.63 and its two-hundred day simple moving average is $50.56.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, March 2nd. This is a positive change from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).