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PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) was the target of a significant drop in short interest in the month of December. As of December 14th, there was short interest totalling 369,819 shares, a drop of 57.8% from the November 30th total of 876,171 shares. Based on an average daily volume of 1,431,265 shares, the days-to-cover ratio is presently 0.3 days.
Shares of NYSEARCA:MINT traded up $0.01 during trading on Friday, reaching $101.30. The stock had a trading volume of 2,008,070 shares, compared to its average volume of 1,422,034. PIMCO Enhanced Short Maturity Exchange-Traded Fund has a 52 week low of $100.93 and a 52 week high of $101.72.
The company also recently declared a monthly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Monday, December 31st were given a $0.23 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, December 28th.
A number of hedge funds have recently made changes to their positions in the stock. Sage Advisory Services Ltd.Co. boosted its stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 1.1% during the third quarter. Sage Advisory Services Ltd.Co. now owns 277,150 shares of the company’s stock worth $28,164,000 after buying an additional 2,967 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 276.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 185,292 shares of the company’s stock valued at $18,829,000 after purchasing an additional 136,127 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 83.2% in the 3rd quarter. Proficio Capital Partners LLC now owns 161,899 shares of the company’s stock valued at $16,452,000 after purchasing an additional 73,524 shares in the last quarter. Staley Capital Advisers Inc. boosted its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 8.1% in the 3rd quarter. Staley Capital Advisers Inc. now owns 160,314 shares of the company’s stock valued at $16,291,000 after purchasing an additional 11,984 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 2nd quarter valued at $101,000.
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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.
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