Short Interest in PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Rises By 66.8%

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 14,364 shares, a growth of 66.8% from the November 30th total of 8,611 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 70,325 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 70,325 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.0%

PIMCO Short Term Municipal Bond Exchange-Traded Fund stock traded down $0.01 during midday trading on Friday, reaching $50.53. The stock had a trading volume of 95,470 shares, compared to its average volume of 106,364. The firm’s fifty day simple moving average is $50.48 and its 200-day simple moving average is $50.40. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 1-year low of $45.50 and a 1-year high of $52.02.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMMU. United Community Bank acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter worth about $94,000. Prime Capital Investment Advisors LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 2nd quarter worth approximately $310,000. Anchor Investment Management LLC raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 33.3% in the first quarter. Anchor Investment Management LLC now owns 8,000 shares of the company’s stock valued at $400,000 after purchasing an additional 2,000 shares during the period. Titleist Asset Management LLC raised its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the 1st quarter. Titleist Asset Management LLC now owns 10,439 shares of the company’s stock valued at $522,000 after acquiring an additional 344 shares during the period. Finally, Strategic Wealth Partners Ltd. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth approximately $582,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).