PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Shares Shorted: Short Interest Down 64.3% in September

by · The Markets Daily

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 42,118 shares, a decrease of 64.3% from the August 31st total of 117,851 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 615,990 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.3%

NYSEARCA MUNI traded down $0.17 during trading hours on Friday, reaching $49.81. 1,047,301 shares of the stock traded hands, compared to its average volume of 364,427. The stock has a 50 day simple moving average of $51.37 and a two-hundred day simple moving average of $52.01. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1 year low of $49.74 and a 1 year high of $53.37.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of large investors have recently modified their holdings of MUNI. WCG Wealth Advisors LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after buying an additional 611,375 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $2,088,000. Staley Capital Advisers Inc. lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% in the 1st quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock worth $2,229,000 after acquiring an additional 31,700 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at $1,261,000. Finally, Centennial Bank AR boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1,124.4% in the 4th quarter. Centennial Bank AR now owns 25,688 shares of the company’s stock valued at $1,346,000 after purchasing an additional 23,590 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

(Get Free Report)

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.

Further Reading