PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Up 181.0% in April

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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

NYSEARCA MUNI opened at $52.25 on Friday. The business has a 50 day moving average price of $52.41 and a 200 day moving average price of $52.59. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1-year low of $50.74 and a 1-year high of $53.37.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.3% in the 3rd quarter. Transcendent Capital Group LLC now owns 17,012 shares of the company’s stock valued at $889,000 after acquiring an additional 217 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.4% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,378 shares of the company’s stock valued at $177,000 after purchasing an additional 290 shares during the last quarter. One Capital Management LLC grew its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.7% in the fourth quarter. One Capital Management LLC now owns 18,652 shares of the company’s stock valued at $978,000 after purchasing an additional 305 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.9% during the 1st quarter. AdvisorNet Financial Inc now owns 6,382 shares of the company’s stock worth $333,000 after purchasing an additional 357 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% during the 4th quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock worth $472,000 after purchasing an additional 402 shares during the last quarter.

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.