Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Decreases By 28.3%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 19,000 shares, a decrease of 28.3% from the May 15th total of 26,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 402,000 shares, the short-interest ratio is currently 0.0 days.

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

Large investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth approximately $310,000. Keyvantage Wealth LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $2,918,000. Sagespring Wealth Partners LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $29,311,000. JPMorgan Chase & Co. lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 47.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,642,212 shares of the company’s stock worth $84,952,000 after buying an additional 528,871 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $9,740,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock opened at $51.12 on Friday. The firm has a 50 day simple moving average of $50.95 and a 200-day simple moving average of $51.54. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1-year low of $49.58 and a 1-year high of $53.00.

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).