Short Interest in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Drops By 35.8%

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 15,574 shares, a decline of 35.8% from the May 31st total of 24,260 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 7,632 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. SOL Capital Management CO raised its holdings in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 4.2% in the 4th quarter. SOL Capital Management CO now owns 34,335 shares of the company’s stock worth $1,769,000 after acquiring an additional 1,370 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the 4th quarter valued at $191,000. Birchwood Financial Partners Inc. purchased a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the 4th quarter valued at $229,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock worth $1,012,000 after purchasing an additional 19,486 shares in the last quarter.

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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded down $0.01 during mid-day trading on Friday, reaching $51.06. The stock had a trading volume of 9,582 shares, compared to its average volume of 15,687. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a one year low of $50.32 and a one year high of $52.60. The company has a 50-day moving average price of $51.12 and a two-hundred day moving average price of $51.39.

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.