PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Sees Significant Drop in Short Interest

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 15,595 shares, a decline of 78.5% from the October 15th total of 72,530 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 245,950 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Mortgage-Backed Securities Active ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Foster & Motley Inc. acquired a new stake in PIMCO Mortgage-Backed Securities Active ETF during the 2nd quarter valued at approximately $9,946,000. Studio Investment Management LLC increased its position in PIMCO Mortgage-Backed Securities Active ETF by 78.1% in the second quarter. Studio Investment Management LLC now owns 7,259 shares of the company’s stock worth $358,000 after buying an additional 3,184 shares during the period. Finally, Cornerstone Planning Group LLC bought a new stake in PIMCO Mortgage-Backed Securities Active ETF in the 1st quarter valued at about $28,000.

PIMCO Mortgage-Backed Securities Active ETF Stock Performance

Shares of NASDAQ:PMBS opened at $46.95 on Thursday. PIMCO Mortgage-Backed Securities Active ETF has a 12 month low of $45.71 and a 12 month high of $50.95. The business has a 50-day moving average of $47.05 and a two-hundred day moving average of $48.82.

PIMCO Mortgage-Backed Securities Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.1850 per share. This is a boost from PIMCO Mortgage-Backed Securities Active ETF’s previous monthly dividend of $0.18. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, November 2nd.

About PIMCO Mortgage-Backed Securities Active ETF

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund invests in mortgage-backed securities, seeking actively managed risk-adjusted return potential. The fund aims to provide core, high-quality, intermediate-term exposure through fundamental selection and weighting. PMBS was launched on Sep 20, 2024 and is issued by PIMCO.