PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Short Interest Update

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 68,037 shares, an increase of 1,054.7% from the February 26th total of 5,892 shares. Based on an average daily volume of 113,340 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 113,340 shares, the short-interest ratio is presently 0.6 days.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.2%

SMMU traded down $0.12 on Tuesday, hitting $50.38. The company’s stock had a trading volume of 125,629 shares, compared to its average volume of 111,234. The company’s 50 day simple moving average is $50.70 and its 200-day simple moving average is $50.58. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 12 month low of $45.50 and a 12 month high of $52.02.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.12 per share. This is an increase from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, March 2nd.

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

Several hedge funds have recently made changes to their positions in SMMU. Farther Finance Advisors LLC boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 23,674 shares of the company’s stock worth $1,194,000 after purchasing an additional 6,929 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of 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 valued at $1,718,000 after buying an additional 16,085 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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 valued at $48,486,000 after buying an additional 65,491 shares during the period. Captrust Financial Advisors lifted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% in the third quarter. Captrust Financial Advisors now owns 956,854 shares of the company’s stock worth $48,388,000 after buying an additional 432,791 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter worth about $2,770,000.

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).