PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Large Decrease in Short Interest

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 19,405 shares, a decline of 71.7% from the July 15th total of 68,543 shares. Based on an average daily volume of 311,841 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position 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 acquiring an additional 853 shares during the last quarter. One Capital Management LLC increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 31.1% during the third quarter. One Capital Management LLC now owns 18,347 shares of the company’s stock worth $959,000 after purchasing an additional 4,356 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 18.9% during the third quarter. Integrated Wealth Concepts LLC now owns 102,975 shares of the company’s stock worth $5,384,000 after purchasing an additional 16,384 shares during the period. NewEdge Advisors LLC lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.2% during the 3rd quarter. NewEdge Advisors LLC now owns 440,622 shares of the company’s stock worth $23,036,000 after purchasing an additional 21,607 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 26.2% during the 4th quarter. Farther Finance Advisors LLC now owns 54,303 shares of the company’s stock worth $2,846,000 after purchasing an additional 11,260 shares during the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

Shares of NYSEARCA:MUNI traded down $0.06 on Friday, hitting $51.92. The company had a trading volume of 328,805 shares, compared to its average volume of 327,640. The stock has a 50 day moving average price of $52.18 and a 200 day moving average price of $52.42. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1-year low of $51.20 and a 1-year high of $53.37.

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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.