PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Update

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 29,734 shares, a drop of 64.5% from the December 15th total of 83,702 shares. Based on an average trading volume of 469,057 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 469,057 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.1%

MUNI stock opened at $52.67 on Tuesday. The business has a 50-day simple moving average of $52.51 and a two-hundred day simple moving average of $52.02. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52-week low of $49.58 and a 52-week high of $52.75.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 3.4%.

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

Large investors have recently bought and sold shares of the stock. Goodman Advisory Group LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 2nd quarter worth $26,000. BNP Paribas Financial Markets boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% during the third quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 853 shares during the last quarter. Premier Financial Group bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter worth about $94,000. Cullen Frost Bankers Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock worth $122,000 after purchasing an additional 1,542 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at about $159,000.

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.