PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Short Interest Down 94.5% in August

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 620 shares, a decline of 94.5% from the July 30th total of 11,190 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 17,658 shares, the short-interest ratio is currently 0.0 days.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Stock Up 0.2%

Shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded up $0.09 on Tuesday, hitting $50.74. 6,346 shares of the company’s stock traded hands, compared to its average volume of 17,725. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a one year low of $50.32 and a one year high of $52.60. The company has a fifty day moving average of $50.84 and a two-hundred day moving average of $51.12.

Institutional Investors Weigh In On PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Birchwood Financial Partners Inc. acquired a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the fourth quarter valued at about $229,000. SOL Capital Management CO grew its stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 4.2% in the 4th quarter. SOL Capital Management CO now owns 34,335 shares of the company’s stock valued at $1,769,000 after buying an additional 1,370 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 valued at $1,012,000 after buying an additional 19,486 shares during the period.

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.