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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 7,956 shares, a decline of 48.7% from the February 12th total of 15,503 shares. Based on an average daily volume of 12,678 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 12,678 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of institutional investors have recently bought and sold shares of the business. Kelleher Financial Advisors purchased a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the 4th quarter valued at about $191,000. Birchwood Financial Partners Inc. purchased a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter worth approximately $229,000. Flow Traders U.S. LLC acquired a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the second quarter worth approximately $519,000. JPMorgan Chase & Co. grew its position in 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 valued at $1,012,000 after purchasing an additional 19,486 shares in the last quarter. Finally, SOL Capital Management CO grew its position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 3.0% during the third quarter. SOL Capital Management CO now owns 32,965 shares of the company’s stock valued at $1,708,000 after purchasing an additional 960 shares in the last quarter.

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

Shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded down $0.13 during midday trading on Thursday, hitting $51.24. The company’s stock had a trading volume of 17,965 shares, compared to its average volume of 18,081. The stock has a 50-day simple moving average of $51.83 and a 200-day simple moving average of $51.72. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 1-year low of $48.01 and a 1-year high of $53.00.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.25 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, March 2nd.

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.