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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 620 shares, a decline of 94.5% from the July 30th total of 11,190 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,658 shares, the days-to-cover ratio is presently 0.0 days.

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

Hedge funds have recently bought and sold shares of the stock. Birchwood Financial Partners Inc. acquired a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 4th quarter valued at $229,000. JPMorgan Chase & Co. lifted its stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% in the third quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock valued at $1,012,000 after buying an additional 19,486 shares during the last quarter. Finally, SOL Capital Management CO grew its position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 4.2% during the fourth 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.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Trading Up 0.1%

Shares of PRFD stock traded up $0.03 on Thursday, hitting $50.76. 2,017 shares of the stock traded hands, compared to its average volume of 17,565. The firm’s 50-day moving average price is $50.83 and its two-hundred day moving average price is $51.11. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a twelve month low of $50.32 and a twelve month high of $52.60.

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.