PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Update

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 25,300 shares, a growth of 48.8% from the May 15th total of 17,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 140,600 shares, the short-interest ratio is currently 0.2 days.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

Shares of NYSEARCA:SMMU opened at $50.06 on Wednesday. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 52 week low of $45.50 and a 52 week high of $52.05. The firm has a fifty day simple moving average of $49.79 and a two-hundred day simple moving average of $49.92.

Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 33.3% during the 1st quarter. Anchor Investment Management LLC now owns 8,000 shares of the company’s stock worth $400,000 after purchasing an additional 2,000 shares during the period. Titleist Asset Management LLC boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% during the 1st quarter. Titleist Asset Management LLC now owns 10,439 shares of the company’s stock worth $522,000 after purchasing an additional 344 shares during the period. Davis R M Inc. boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.3% during the 1st quarter. Davis R M Inc. now owns 65,829 shares of the company’s stock worth $3,293,000 after purchasing an additional 3,291 shares during the period. Sierra Ocean LLC boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.3% during the 1st quarter. Sierra Ocean LLC now owns 11,801 shares of the company’s stock worth $590,000 after purchasing an additional 1,293 shares during the period. Finally, AIFG Consultants Ltd. boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.8% during the 1st quarter. AIFG Consultants Ltd. now owns 42,198 shares of the company’s stock worth $2,111,000 after purchasing an additional 1,533 shares during the period.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax.