PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sees Significant Increase in Short Interest

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 591,160 shares, an increase of 85.6% from the February 26th total of 318,551 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,712,722 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Price Performance

Shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund stock traded down $0.05 during midday trading on Thursday, reaching $100.52. 1,874,220 shares of the company’s stock traded hands, compared to its average volume of 1,465,323. The stock has a 50 day moving average of $100.54 and a 200-day moving average of $100.51. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 12 month low of $100.04 and a 12 month high of $100.72.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.34 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Investors Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of large investors have recently modified their holdings of MINT. Koenig Investment Advisory LLC bought a new position in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the fourth quarter worth about $9,269,000. Birchwood Financial Partners Inc. purchased a new stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the fourth quarter worth about $652,000. Ameriflex Group Inc. bought a new stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund during the 4th quarter valued at approximately $768,000. NewEdge Advisors LLC grew its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.8% during the 4th quarter. NewEdge Advisors LLC now owns 463,424 shares of the company’s stock worth $46,500,000 after acquiring an additional 127,065 shares during the period. Finally, Cahill Financial Advisors Inc. grew its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 35.2% during the 4th quarter. Cahill Financial Advisors Inc. now owns 77,379 shares of the company’s stock worth $7,764,000 after acquiring an additional 20,143 shares during the period.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.