PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,591 shares, an increase of 640.5% from the August 15th total of 620 shares. Based on an average daily volume of 8,009 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Trading Down 0.6%
Shares of NYSEARCA PRFD opened at $49.97 on Friday. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 52 week low of $49.92 and a 52 week high of $52.60. The firm has a 50-day moving average price of $50.65 and a 200 day moving average price of $50.99.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock. Birchwood Financial Partners Inc. purchased a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,447 shares of the company’s stock, valued at approximately $229,000. Birchwood Financial Partners Inc. owned 0.11% of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund at the end of the most recent quarter.
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.
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