Short Interest in PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Grows By 88.3%

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 27,048 shares, a growth of 88.3% from the December 15th total of 14,364 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 113,749 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 113,749 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

SMMU traded up $0.02 during trading on Thursday, hitting $50.66. 71,259 shares of the company traded hands, compared to its average volume of 77,785. PIMCO Short Term Municipal Bond Exchange-Traded Fund has a 1 year low of $45.50 and a 1 year high of $52.02. The stock’s 50-day simple moving average is $50.49 and its two-hundred day simple moving average is $50.44.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from PIMCO Short Term Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.11.

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

Several hedge funds have recently added to or reduced their stakes in SMMU. JPMorgan Chase & Co. increased its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock valued at $48,486,000 after purchasing an additional 65,491 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% in the 3rd 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. Davis R M Inc. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the 3rd quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock valued at $3,667,000 after purchasing an additional 4,147 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter worth approximately $2,770,000. Finally, AIFG Consultants Ltd. boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.7% in the third quarter. AIFG Consultants Ltd. now owns 47,712 shares of the company’s stock worth $2,413,000 after acquiring an additional 5,371 shares during the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).