PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price dropped 0.2% during mid-day trading on Thursday . The company traded as low as $50.72 and last traded at $50.66, approximately 2,650 shares were traded during trading. A decline of 72% from the average daily volume of 9,326 shares. The stock had previously closed at $50.74.
The company has a fifty day moving average of $50.59.
About PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)
PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax.
Further Reading: Diversification
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