PIMCO Short Term Municipal Bond Active Exchange-Traded Fund Price & Performance (SMMU)

Exchange-traded funds (ETFs) have shown strong performance this March, with notable gains in equity, bond, and commodity categories. The Invesco China Technology ETF (CQQQ) posted a remarkable 26% one-month return, while the United States Natural Gas Fund (UNG) surged by 20.5%, driven by a cold-weather demand spike.1

The Pimco Short Term Municipal Bond Active ETF (SMMU) presents clear signals for traders. Technical data suggests buying near $49.88 with a target of $50.23, or shorting near $50.23 with a downside target of $49.88. These strategies hinge on resistance and support levels, providing both long and short opportunities.2

Actively managed ETFs saw a record $43 billion in inflows this January, marking their best organic growth rate since 2021. Taxable-bond funds also gained traction with $41 billion in inflows, while ultrashort-bond funds led with $12.6 billion. Investors sought safety and income amid market uncertainty.3