Short Interest in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Decreases By 50.6%

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,928 shares, a drop of 50.6% from the February 26th total of 7,956 shares. Based on an average daily volume of 18,087 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kelleher Financial Advisors bought a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter valued at approximately $191,000. Birchwood Financial Partners Inc. bought a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter worth approximately $229,000. 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 $519,000. JPMorgan Chase & Co. raised its holdings in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock valued at $1,012,000 after buying an additional 19,486 shares during the last quarter. Finally, SOL Capital Management CO raised its holdings 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 buying an additional 960 shares during the last quarter.

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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded down $0.22 during mid-day trading on Thursday, hitting $50.61. The company’s stock had a trading volume of 4,763 shares, compared to its average volume of 16,389. The business has a 50 day moving average price of $51.68 and a 200-day moving average price of $51.71. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 12 month low of $48.01 and a 12 month high of $53.00.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.25 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, March 2nd.

About PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

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.