PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Sees Significant Drop in Short Interest

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 29,154 shares, a decline of 59.5% from the May 31st total of 72,010 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 99,284 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On PIMCO Mortgage-Backed Securities Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in PIMCO Mortgage-Backed Securities Active ETF during the first quarter valued at $28,000. JPMorgan Chase & Co. purchased a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF in the 2nd quarter worth about $152,000. Studio Investment Management LLC purchased a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth about $203,000. Essex Bank bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth about $209,000. Finally, Columbia River Financial Group LLC bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth about $245,000.

PIMCO Mortgage-Backed Securities Active ETF Price Performance

PMBS stock traded down $0.21 during trading on Tuesday, reaching $49.40. The company had a trading volume of 82,335 shares, compared to its average volume of 122,576. PIMCO Mortgage-Backed Securities Active ETF has a 52 week low of $48.29 and a 52 week high of $50.95. The business has a 50 day moving average of $49.37 and a 200 day moving average of $49.73.

PIMCO Mortgage-Backed Securities Active ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid a $0.19 dividend. The ex-dividend date was Monday, June 1st.

About PIMCO Mortgage-Backed Securities Active ETF

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund invests in mortgage-backed securities, seeking actively managed risk-adjusted return potential. The fund aims to provide core, high-quality, intermediate-term exposure through fundamental selection and weighting. PMBS was launched on Sep 20, 2024 and is issued by PIMCO.