PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Down 26.2% in February

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 31,935 shares, a drop of 26.2% from the February 12th total of 43,246 shares. Based on an average daily volume of 230,999 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 230,999 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NYSEARCA:MUNI traded up $0.11 during trading on Friday, reaching $52.56. The company’s stock had a trading volume of 223,092 shares, compared to its average volume of 325,155. The firm’s 50 day simple moving average is $52.86 and its two-hundred day simple moving average is $52.54. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12 month low of $49.58 and a 12 month high of $53.37.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

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

A number of large investors have recently made changes to their positions in the business. Transcendent Capital Group LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.3% in the 3rd quarter. Transcendent Capital Group LLC now owns 17,012 shares of the company’s stock worth $889,000 after purchasing an additional 217 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.4% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,378 shares of the company’s stock worth $177,000 after buying an additional 290 shares during the last quarter. One Capital Management LLC grew its stake in shares of 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 purchasing an additional 305 shares during the period. Advisory Services Network LLC increased its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% in the fourth quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock valued at $472,000 after buying an additional 402 shares in the last quarter. Finally, Steph & Co. raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.5% in the 4th quarter. Steph & Co. now owns 85,644 shares of the company’s stock worth $4,489,000 after purchasing an additional 417 shares during the period.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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.