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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Get Free Report) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 7,943 shares, a drop of 79.7% from the October 15th total of 39,206 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 16,025 shares, the days-to-cover ratio is currently 0.5 days.

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

Shares of NYSEARCA:PRFD traded down $0.12 on Friday, reaching $49.00. The company had a trading volume of 9,860 shares, compared to its average volume of 17,908. The stock has a 50-day moving average price of $49.29 and a 200 day moving average price of $50.66. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a twelve month low of $48.24 and a twelve month high of $52.60.

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

(Get Free Report)

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.

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