PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 31,534 shares, a decline of 72.6% from the April 30th total of 115,164 shares. Based on an average daily volume of 310,919 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of large investors have recently added to or reduced their stakes in MUNI. Cullen Frost Bankers Inc. increased its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 25.2% during the third quarter. Cullen Frost Bankers Inc. now owns 2,983 shares of the company’s stock valued at $156,000 after buying an additional 601 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 24.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 121,842 shares of the company’s stock worth $6,366,000 after purchasing an additional 23,814 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter worth $288,000. Transcendent Capital Group LLC raised its holdings 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 during the period. Finally, Elyxium Wealth LLC raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 20.0% in the 3rd quarter. Elyxium Wealth LLC now owns 60,864 shares of the company’s stock worth $3,182,000 after purchasing an additional 10,128 shares during the period.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance
NYSEARCA:MUNI traded up $0.05 during mid-day trading on Friday, reaching $52.47. The company’s stock had a trading volume of 422,375 shares, compared to its average volume of 335,144. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 12-month low of $50.74 and a 12-month high of $53.37. The firm’s fifty day moving average price is $52.29 and its two-hundred day moving average price is $52.55.
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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