PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sees Unusually-High Trading Volume – Time to Buy?

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) shares saw strong trading volume on Thursday . 1,986,337 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 1,101,535 shares.The stock last traded at $100.50 and had previously closed at $100.48.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Performance

The firm’s 50 day moving average price is $100.43 and its 200-day moving average price is $100.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MINT. JPMorgan Chase & Co. boosted its holdings in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 50.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,418,752 shares of the company’s stock worth $1,751,281,000 after buying an additional 5,845,188 shares during the last quarter. Comerica Bank boosted its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6.4% in the first quarter. Comerica Bank now owns 128,612 shares of the company’s stock worth $12,931,000 after acquiring an additional 7,735 shares during the last quarter. OLD Mission Capital LLC increased its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 1,021.7% during the first quarter. OLD Mission Capital LLC now owns 111,377 shares of the company’s stock worth $11,198,000 after purchasing an additional 101,448 shares in the last quarter. Arrow Financial Corp acquired a new position in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the 2nd quarter valued at $11,022,000. Finally, Goodman Advisory Group LLC boosted its stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 5.5% during the 2nd quarter. Goodman Advisory Group LLC now owns 77,350 shares of the company’s stock worth $7,785,000 after purchasing an additional 4,005 shares during the last quarter.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

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.