PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Significant Increase in Short Interest

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 25,300 shares, an increase of 48.8% from the May 15th total of 17,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 140,600 shares, the short-interest ratio is currently 0.2 days.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

SMMU traded up $0.01 during mid-day trading on Monday, hitting $50.03. 59,649 shares of the stock were exchanged, compared to its average volume of 86,787. The firm’s fifty day moving average is $49.76 and its two-hundred day moving average is $49.92. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 1-year low of $45.50 and a 1-year high of $52.05.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SMMU. Davis R M Inc. increased its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.3% during the first quarter. Davis R M Inc. now owns 65,829 shares of the company’s stock worth $3,293,000 after acquiring an additional 3,291 shares during the period. Sierra Ocean LLC grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.3% during the first quarter. Sierra Ocean LLC now owns 11,801 shares of the company’s stock worth $590,000 after purchasing an additional 1,293 shares in the last quarter. AIFG Consultants Ltd. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.8% in the first quarter. AIFG Consultants Ltd. now owns 42,198 shares of the company’s stock valued at $2,111,000 after buying an additional 1,533 shares in the last quarter. Farther Finance Advisors LLC raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.6% during the 1st quarter. Farther Finance Advisors LLC now owns 18,932 shares of the company’s stock worth $946,000 after acquiring an additional 1,332 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 4,635.3% during the first quarter. GAMMA Investing LLC now owns 197,179 shares of the company’s stock worth $9,863,000 after buying an additional 193,015 shares during the period.

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.