PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 390,333 shares, a growth of 157.6% from the August 31st total of 151,507 shares. Based on an average trading volume of 1,515,585 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.
PIMCO Enhanced Short Maturity Exchange-Traded Fund Price Performance
NYSEARCA MINT opened at $100.65 on Friday. The stock’s 50-day moving average is $100.64 and its 200-day moving average is $100.59. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a one year low of $100.28 and a one year high of $100.82.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors increased its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 3.4% during the first quarter. Arkadios Wealth Advisors now owns 204,154 shares of the company’s stock worth $20,532,000 after acquiring an additional 6,708 shares in the last quarter. Robinswood Financial LLC acquired a new position in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 1st quarter worth $491,000. Cahill Financial Advisors Inc. increased its holdings in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 4.0% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 113,585 shares of the company’s stock worth $11,450,000 after purchasing an additional 4,389 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 2nd quarter valued at about $575,000. Finally, Highland Investment Advisors LLC bought a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the second quarter valued at about $52,000.
About PIMCO Enhanced Short Maturity Exchange-Traded Fund
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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