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

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 21,848 shares, a drop of 65.8% from the August 31st total of 63,881 shares. Based on an average daily trading volume, of 67,343 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

PIMCO Mortgage-Backed Securities Active ETF Price Performance

Shares of NASDAQ:PMBS traded down $0.17 during midday trading on Tuesday, reaching $46.24. 188,810 shares of the company’s stock were exchanged, compared to its average volume of 119,679. PIMCO Mortgage-Backed Securities Active ETF has a 12 month low of $46.03 and a 12 month high of $50.95. The company’s 50 day simple moving average is $48.22 and its two-hundred day simple moving average is $48.97.

PIMCO Mortgage-Backed Securities Active ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, September 1st were given a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, September 1st.

Institutional Investors Weigh In On PIMCO Mortgage-Backed Securities Active ETF

A number of institutional investors and hedge funds have recently modified their holdings of PMBS. Cornerstone Planning Group LLC bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the 1st quarter worth $28,000. Studio Investment Management LLC boosted its position in shares of PIMCO Mortgage-Backed Securities Active ETF by 78.1% during the second quarter. Studio Investment Management LLC now owns 7,259 shares of the company’s stock worth $358,000 after purchasing an additional 3,184 shares in the last quarter. Foster & Motley Inc. bought a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF in the 1st quarter valued at $1,331,000. Finally, Seven Mile Advisory acquired a new position in PIMCO Mortgage-Backed Securities Active ETF in the fourth quarter valued at about $1,405,000.

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.