PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Short Interest Up 181.0% in April

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 115,164 shares, an increase of 181.0% from the April 15th total of 40,977 shares. Based on an average trading volume of 299,713 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

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

A number of institutional investors have recently modified their holdings of MUNI. JPMorgan Chase & Co. lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock valued at $65,028,000 after buying an additional 74,920 shares during the period. WCG Wealth Advisors LLC raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after acquiring an additional 611,375 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.2% during the 3rd quarter. NewEdge Advisors LLC now owns 440,622 shares of the company’s stock worth $23,036,000 after purchasing an additional 21,607 shares during the period. Quotient Wealth Partners LLC boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.6% during the first quarter. Quotient Wealth Partners LLC now owns 345,489 shares of the company’s stock worth $18,031,000 after purchasing an additional 21,361 shares during the last quarter. Finally, Davis R M Inc. boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.6% during the fourth quarter. Davis R M Inc. now owns 333,667 shares of the company’s stock worth $17,487,000 after purchasing an additional 23,469 shares during the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

MUNI opened at $52.25 on Friday. The business’s fifty day simple moving average is $52.41 and its 200 day simple moving average is $52.59. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52 week low of $50.74 and a 52 week high of $53.37.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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.