Short Interest in PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Declines By 39.5%

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 27,599 shares, a decrease of 39.5% from the June 15th total of 45,633 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 94,792 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several institutional investors and hedge funds have recently bought and sold shares of SMMU. Captrust Financial Advisors grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% during the 4th quarter. Captrust Financial Advisors now owns 1,047,846 shares of the company’s stock valued at $52,843,000 after buying an additional 90,992 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock valued at $48,486,000 after acquiring an additional 65,491 shares in the last quarter. John A. Wolfe & Associates Inc. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth $24,554,000. Bank of New York Mellon Corp acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter valued at $2,924,000. Finally, AIFG Consultants Ltd. raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the fourth quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock valued at $2,488,000 after purchasing an additional 1,620 shares during the period.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

Shares of SMMU stock traded up $0.01 during mid-day trading on Friday, hitting $50.34. 64,785 shares of the company’s stock were exchanged, compared to its average volume of 115,609. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a fifty-two week low of $50.11 and a fifty-two week high of $50.90. The stock has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $50.53.

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).