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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 12,650 shares, a growth of 133.4% from the November 30th total of 5,419 shares. Based on an average trading volume of 9,533 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 9,533 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% during the third quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock worth $1,012,000 after acquiring an additional 19,486 shares during the period. SOL Capital Management CO increased 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 worth $1,708,000 after purchasing an additional 960 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 2nd quarter valued at about $519,000.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Trading Down 0.2%

NYSEARCA:PRFD opened at $51.68 on Monday. The business’s 50-day simple moving average is $51.74 and its 200-day simple moving average is $51.34. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a fifty-two week low of $48.01 and a fifty-two week high of $53.00.

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.