PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Down 29.4% in March

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 22,539 shares, a decrease of 29.4% from the February 26th total of 31,935 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 296,583 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. WCG Wealth Advisors LLC lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after purchasing an additional 611,375 shares during the period. JPMorgan Chase & Co. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock worth $65,028,000 after purchasing an additional 74,920 shares during the period. Wayfinding Financial LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter valued at $2,399,000. Arkadios Wealth Advisors purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at $2,241,000. Finally, Elyxium Wealth LLC lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% during the 4th quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock valued at $5,400,000 after buying an additional 42,163 shares during the period.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.2%

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund stock traded up $0.11 during trading on Monday, hitting $52.10. 610,320 shares of the company’s stock traded hands, compared to its average volume of 337,280. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 1 year low of $49.58 and a 1 year high of $53.37. The business has a 50-day simple moving average of $52.77 and a 200-day simple moving average of $52.59.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.