PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (NYSEARCA:MINO) Sees Significant Increase in Short Interest

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (NYSEARCA:MINO) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 43,964 shares, a growth of 387.0% from the October 15th total of 9,027 shares. Based on an average daily volume of 566,139 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund Stock Down 0.4%

MINO traded down $0.16 during midday trading on Friday, reaching $43.93. 1,739,151 shares of the company’s stock were exchanged, compared to its average volume of 195,627. PIMCO Municipal Income Opportunities Active Exchange-Traded Fund has a one year low of $42.15 and a one year high of $46.19. The business has a 50-day simple moving average of $43.46 and a two-hundred day simple moving average of $44.88.

Hedge Funds Weigh In On PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

A number of hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC bought a new stake in PIMCO Municipal Income Opportunities Active Exchange-Traded Fund in the third quarter valued at $61,000. Lodestone Wealth Management LLC raised its stake in PIMCO Municipal Income Opportunities Active Exchange-Traded Fund by 11.1% during the third quarter. Lodestone Wealth Management LLC now owns 2,633 shares of the company’s stock worth $112,000 after acquiring an additional 264 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund during the third quarter valued at $129,000. CoreCap Advisors LLC lifted its holdings in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund by 31.4% during the second quarter. CoreCap Advisors LLC now owns 5,290 shares of the company’s stock valued at $242,000 after acquiring an additional 1,264 shares during the period. Finally, StrongBox Wealth LLC lifted its holdings in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund by 679.7% during the third quarter. StrongBox Wealth LLC now owns 8,093 shares of the company’s stock valued at $345,000 after acquiring an additional 7,055 shares during the period.

About PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

The PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily holds investment grade and high yield US municipal bonds across varying maturities. MINO was launched on Sep 8, 2021 and is managed by PIMCO.