PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Update

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 115,164 shares, an increase of 181.0% from the April 15th total of 40,977 shares. Based on an average daily volume of 299,713 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MUNI. WCG Wealth Advisors LLC lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after purchasing an additional 611,375 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock worth $65,028,000 after purchasing an additional 74,920 shares during the period. Wayfinding Financial LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth $2,399,000. Arkadios Wealth Advisors purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth $2,241,000. Finally, Elyxium Wealth LLC lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% during the 4th quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock worth $5,400,000 after purchasing an additional 42,163 shares during the period.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock opened at $52.04 on Friday. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a fifty-two week low of $50.74 and a fifty-two week high of $53.37. The business’s fifty day moving average is $52.39 and its two-hundred day moving average is $52.59.

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.