PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Short Interest Down 66.7% in May

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 138,193 shares, a drop of 66.7% from the May 14th total of 414,983 shares. Based on an average daily trading volume, of 1,812,334 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Performance

PIMCO Enhanced Short Maturity Exchange-Traded Fund stock traded up $0.04 during trading on Friday, reaching $100.60. 1,377,448 shares of the company were exchanged, compared to its average volume of 1,573,597. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 52-week low of $100.15 and a 52-week high of $100.74. The stock’s 50 day simple moving average is $100.54 and its two-hundred day simple moving average is $100.52.

Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 4.4% during the fourth quarter. JPMorgan Chase & Co. now owns 32,615,613 shares of the company’s stock worth $3,272,651,000 after buying an additional 1,368,763 shares in the last quarter. NewEdge Advisors LLC raised its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.8% in the fourth quarter. NewEdge Advisors LLC now owns 463,424 shares of the company’s stock valued at $46,500,000 after purchasing an additional 127,065 shares during the period. Ibex Wealth Advisors purchased a new stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the first quarter valued at $25,654,000. Moment Partners LLC purchased a new stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the first quarter valued at $21,907,000. Finally, Arkadios Wealth Advisors raised its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 3.4% in the first quarter. Arkadios Wealth Advisors now owns 204,154 shares of the company’s stock valued at $20,532,000 after purchasing an additional 6,708 shares during the period.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

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.