PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 19,405 shares, a decrease of 71.7% from the July 15th total of 68,543 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 311,841 shares, the days-to-cover ratio is presently 0.1 days.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance
Shares of NYSEARCA:MUNI opened at $51.98 on Thursday. The company has a fifty day simple moving average of $52.19 and a 200 day simple moving average of $52.43. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12-month low of $51.20 and a 12-month high of $53.37.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $35,000. BNP Paribas Financial Markets raised its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% during the third quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 853 shares in the last quarter. Arax Advisory Partners acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $69,000. Robinswood Financial LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $80,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $156,000.
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.
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