PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (NYSEARCA:MINO) Shares Shorted: Short Interest Up 387.0% in October

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (NYSEARCA:MINO) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 43,964 shares, a growth of 387.0% from the October 15th total of 9,027 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 566,139 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new position in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund during the third quarter worth $61,000. Lodestone Wealth Management LLC lifted its stake in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund by 11.1% in the 3rd quarter. Lodestone Wealth Management LLC now owns 2,633 shares of the company’s stock valued at $112,000 after acquiring an additional 264 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund during the 3rd quarter valued at $129,000. CoreCap Advisors LLC boosted its holdings in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund by 31.4% during the 2nd quarter. CoreCap Advisors LLC now owns 5,290 shares of the company’s stock valued at $242,000 after acquiring an additional 1,264 shares in the last quarter. Finally, StrongBox Wealth LLC boosted its holdings in shares of PIMCO Municipal Income Opportunities Active Exchange-Traded Fund by 679.7% during the 3rd quarter. StrongBox Wealth LLC now owns 8,093 shares of the company’s stock valued at $345,000 after acquiring an additional 7,055 shares in the last quarter.

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund Stock Performance

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund stock traded down $0.36 during midday trading on Thursday, reaching $44.09. The company’s stock had a trading volume of 447,133 shares, compared to its average volume of 188,547. PIMCO Municipal Income Opportunities Active Exchange-Traded Fund has a 52 week low of $42.15 and a 52 week high of $46.19. The business has a 50-day moving average price of $43.46 and a 200-day moving average price of $44.88.

About PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

The PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily holds investment grade and high yield US municipal bonds across varying maturities. MINO was launched on Sep 8, 2021 and is managed by PIMCO.