PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Stock Short Interest Climbs 77.5%

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,150 shares, an increase of 77.5% from the August 31st total of 4,591 shares. Based on an average daily trading volume, of 12,248 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

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

NYSEARCA:PRFD traded down $0.16 during trading hours on Tuesday, reaching $49.04. The stock had a trading volume of 8,142 shares, compared to its average volume of 17,098. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 52 week low of $49.04 and a 52 week high of $52.60. The company has a 50 day moving average price of $50.36 and a two-hundred day moving average price of $50.81.

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

A hedge fund recently bought a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock. Birchwood Financial Partners Inc. purchased a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,447 shares of the company’s stock, valued at approximately $229,000. Birchwood Financial Partners Inc. owned approximately 0.11% of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund at the end of the most recent quarter.

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.