PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 52,739 shares, a growth of 171.8% from the July 30th total of 19,405 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 352,081 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC increased its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.4% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,378 shares of the company’s stock valued at $177,000 after acquiring an additional 290 shares in the last quarter. One Capital Management LLC lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.7% in the 4th quarter. One Capital Management LLC now owns 18,652 shares of the company’s stock valued at $978,000 after acquiring an additional 305 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.9% during the 1st quarter. AdvisorNet Financial Inc now owns 6,382 shares of the company’s stock valued at $333,000 after purchasing an additional 357 shares during the last quarter. Advisory Services Network LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% during the 4th quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock valued at $472,000 after purchasing an additional 402 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth $35,000.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.0%
MUNI stock opened at $51.67 on Friday. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a twelve month low of $51.20 and a twelve month high of $53.37. The business has a 50 day moving average of $52.04 and a 200 day moving average of $52.34.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile
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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