PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Down 67.6% in August

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 24,295 shares, a drop of 67.6% from the August 15th total of 74,967 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 90,892 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several institutional investors have recently modified their holdings of SMMU. John A. Wolfe & Associates Inc. bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $24,554,000. Bank of New York Mellon Corp acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth $2,924,000. Bessemer Group Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth $1,448,000. XP Advisory US Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $605,000. Finally, Worth Asset Management LLC bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter valued at $242,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Up 0.1%

Shares of SMMU traded up $0.04 during trading hours on Monday, reaching $49.92. 137,570 shares of the company traded hands, compared to its average volume of 114,376. The stock’s fifty day moving average is $50.24 and its 200 day moving average is $50.40. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 1-year low of $49.86 and a 1-year high of $50.90.

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).