PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Sees Large Increase in Short Interest

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,241 shares, an increase of 168.7% from the December 31st total of 3,811 shares. Based on an average daily volume of 30,974 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 30,974 shares, the short-interest ratio is presently 0.3 days.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Price Performance

NYSEARCA PRFD traded up $0.07 during trading hours on Thursday, reaching $51.94. 12,202 shares of the company’s stock were exchanged, compared to its average volume of 25,016. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a one year low of $48.01 and a one year high of $53.00. The company’s 50-day moving average is $51.71 and its two-hundred day moving average is $51.52.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were given a $0.25 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Wednesday, December 31st. This is a boost from PIMCO Preferred and Capital Securities Active Exchange-Traded Fund’s previous monthly dividend of $0.24.

Institutional Trading of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock worth $1,012,000 after acquiring an additional 19,486 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the second quarter worth about $519,000. Kelleher Financial Advisors purchased a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter worth $191,000. Finally, SOL Capital Management CO raised its position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 3.0% during the 3rd quarter. SOL Capital Management CO now owns 32,965 shares of the company’s stock valued at $1,708,000 after purchasing an additional 960 shares during the last quarter.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Company Profile

The PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) is an exchange-traded fund that is based on the ICE BofA US All Capital Securities index. The fund is actively managed to invest in a broad basket of preferred and capital securities issued by US and foreign companies. Portfolio holdings are of varying credit quality and maturity. PRFD was launched on Jan 18, 2023 and is managed by PIMCO.