PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Down 20.4% in February

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 36,805 shares, a drop of 20.4% from the January 29th total of 46,217 shares. Based on an average daily trading volume, of 126,532 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 126,532 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

PIMCO Short Term Municipal Bond Exchange-Traded Fund stock opened at $50.89 on Monday. The firm has a fifty day moving average price of $50.68 and a two-hundred day moving average price of $50.56. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a fifty-two week low of $45.50 and a fifty-two week high of $52.02.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 2.6%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. NewSquare Capital LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.3% during the second quarter. NewSquare Capital LLC now owns 26,172 shares of the company’s stock worth $1,313,000 after purchasing an additional 584 shares during the period. Davis R M Inc. lifted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.9% during the 2nd quarter. Davis R M Inc. now owns 68,370 shares of the company’s stock worth $3,430,000 after buying an additional 2,541 shares during the period. Sittner & Nelson LLC boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 426.1% in the 2nd quarter. Sittner & Nelson LLC now owns 36,038 shares of the company’s stock valued at $1,808,000 after buying an additional 29,188 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 123.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 893,294 shares of the company’s stock valued at $44,817,000 after buying an additional 493,764 shares in the last quarter. Finally, Titleist Asset Management LLC grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 32.9% in the second quarter. Titleist Asset Management LLC now owns 13,872 shares of the company’s stock valued at $696,000 after acquiring an additional 3,433 shares during the period.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).