PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Update

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 19,405 shares, a decline of 71.7% from the July 15th total of 68,543 shares. Based on an average daily volume of 311,841 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock opened at $51.98 on Thursday. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12-month low of $51.20 and a 12-month high of $53.37. The firm’s 50-day moving average is $52.19 and its two-hundred day moving average is $52.43.

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

Several institutional investors and hedge funds have recently modified their holdings of MUNI. Vermillion & White Wealth Management Group LLC lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.4% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,378 shares of the company’s stock worth $177,000 after purchasing an additional 290 shares in the last quarter. One Capital Management LLC lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.7% during the 4th quarter. One Capital Management LLC now owns 18,652 shares of the company’s stock worth $978,000 after acquiring an additional 305 shares in the last quarter. AdvisorNet Financial Inc lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.9% during the 1st quarter. AdvisorNet Financial Inc now owns 6,382 shares of the company’s stock worth $333,000 after acquiring an additional 357 shares in the last quarter. Advisory Services Network LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% in the 4th quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock worth $472,000 after acquiring an additional 402 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth approximately $35,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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.