PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Down 39.5% in June

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 27,599 shares, a drop of 39.5% from the June 15th total of 45,633 shares. Based on an average trading volume of 94,792 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

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

A number of institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 13.6% in the second quarter. Captrust Financial Advisors now owns 524,063 shares of the company’s stock valued at $26,292,000 after buying an additional 62,582 shares during the period. Strategic Wealth Partners Ltd. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth approximately $582,000. JPMorgan Chase & Co. grew its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares during the period. Prime Capital Investment Advisors LLC grew its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 89.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 34,065 shares of the company’s stock worth $1,718,000 after buying an additional 16,085 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 41.4% in the fourth quarter. Farther Finance Advisors LLC now owns 23,674 shares of the company’s stock worth $1,194,000 after acquiring an additional 6,929 shares in the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

SMMU stock traded down $0.03 during trading on Thursday, reaching $50.33. 12,839 shares of the stock traded hands, compared to its average volume of 115,373. The business’s 50 day moving average price is $50.40 and its 200-day moving average price is $50.53. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 52-week low of $50.11 and a 52-week 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).