Short Interest in PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Decreases By 26.2%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 31,935 shares, a drop of 26.2% from the February 12th total of 43,246 shares. Based on an average daily trading volume, of 230,999 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 230,999 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several hedge funds have recently modified their holdings of the stock. WCG Wealth Advisors LLC increased its holdings in shares of 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 valued at $45,311,000 after purchasing an additional 611,375 shares in the last quarter. JPMorgan Chase & Co. raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% in 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 last quarter. Wayfinding Financial LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth $2,399,000. Arkadios Wealth Advisors acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth $2,241,000. Finally, Elyxium Wealth LLC boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% in the 4th quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock valued at $5,400,000 after buying an additional 42,163 shares during the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.2%

NYSEARCA MUNI traded up $0.11 on Friday, hitting $52.56. 223,092 shares of the company were exchanged, compared to its average volume of 325,155. The firm has a 50 day moving average of $52.86 and a two-hundred day moving average of $52.54. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1-year low of $49.58 and a 1-year high of $53.37.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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.