PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 24,295 shares, a decrease of 67.6% from the August 15th total of 74,967 shares. Based on an average trading volume of 90,892 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
A number of hedge funds have recently bought and sold shares of SMMU. Worth Asset Management LLC bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at about $242,000. Strategic Wealth Partners Ltd. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter valued at approximately $582,000. XP Advisory US Inc. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 2nd quarter worth approximately $605,000. Janney Montgomery Scott LLC bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $700,000. Finally, Hollencrest Capital Management lifted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1,378.7% during the 4th quarter. Hollencrest Capital Management now owns 21,145 shares of the company’s stock worth $1,066,000 after buying an additional 19,715 shares during the last quarter.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance
SMMU stock traded up $0.01 during mid-day trading on Friday, hitting $49.88. 187,143 shares of the company were exchanged, compared to its average volume of 114,243. The firm has a fifty day simple moving average of $50.24 and a 200 day simple moving average of $50.40. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a twelve month low of $49.86 and a twelve month high of $50.90.
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).
See Also
- Five stocks we like better than PIMCO Short Term Municipal Bond Exchange-Traded Fund
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund and related companies with MarketBeat.com's FREE daily email newsletter.
