PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 766,293 shares, an increase of 863.7% from the April 15th total of 79,512 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,501,761 shares, the days-to-cover ratio is currently 0.5 days.
Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 4.4% in the 4th quarter. JPMorgan Chase & Co. now owns 32,615,613 shares of the company’s stock valued at $3,272,651,000 after buying an additional 1,368,763 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.8% in the 4th quarter. NewEdge Advisors LLC now owns 463,424 shares of the company’s stock valued at $46,500,000 after buying an additional 127,065 shares during the period. Hollencrest Capital Management lifted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 25,423.5% in the 3rd quarter. Hollencrest Capital Management now owns 333,337 shares of the company’s stock valued at $33,564,000 after buying an additional 332,031 shares during the period. Ibex Wealth Advisors acquired a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 1st quarter valued at about $25,654,000. Finally, Moment Partners LLC acquired a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 1st quarter valued at about $21,907,000.
PIMCO Enhanced Short Maturity Exchange-Traded Fund Price Performance
Shares of MINT stock remained flat at $100.53 on Wednesday. The stock had a trading volume of 1,160,897 shares, compared to its average volume of 1,564,270. The company’s fifty day simple moving average is $100.50 and its 200-day simple moving average is $100.51. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a fifty-two week low of $100.15 and a fifty-two week high of $100.72.
PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile
PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.
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