Short Interest in PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Drops By 59.5%

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the target of a significant 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 99,284 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new stake in PIMCO Mortgage-Backed Securities Active ETF in the first quarter worth $28,000. JPMorgan Chase & Co. acquired a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during the second quarter valued at about $152,000. Studio Investment Management LLC acquired a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during the fourth quarter valued at about $203,000. Essex Bank bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during 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 during the 4th quarter worth about $245,000.

PIMCO Mortgage-Backed Securities Active ETF Stock Performance

PMBS remained flat at $49.59 during trading on Monday. The company’s stock had a trading volume of 22,520 shares, compared to its average volume of 122,742. PIMCO Mortgage-Backed Securities Active ETF has a 12-month low of $48.29 and a 12-month high of $50.95. The business’s fifty day simple moving average is $49.37 and its two-hundred day simple moving average is $49.72.

PIMCO Mortgage-Backed Securities Active ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were given a dividend of $0.19 per share. 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.