Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Expands By 123.5%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 117,851 shares, a growth of 123.5% from the August 15th total of 52,739 shares. Based on an average trading volume of 310,167 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds have recently modified their holdings of the business. WCG Wealth Advisors LLC increased its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after purchasing an additional 611,375 shares during the last quarter. Elyxium Wealth LLC lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% during the 4th quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock valued at $5,400,000 after buying an additional 42,163 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $2,088,000. Staley Capital Advisers Inc. grew its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% in the 1st quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock valued at $2,229,000 after buying an additional 31,700 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at approximately $1,261,000.

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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock opened at $50.48 on Wednesday. The company has a 50 day moving average price of $51.67 and a 200 day moving average price of $52.16. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52 week low of $50.47 and a 52 week high of $53.37.

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.