PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Shares Shorted: Short Interest Down 78.5% in October

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

PIMCO Mortgage-Backed Securities Active ETF Trading Down 0.0%

Shares of PIMCO Mortgage-Backed Securities Active ETF stock traded down $0.01 during trading hours on Friday, hitting $46.78. 285,226 shares of the company’s stock traded hands, compared to its average volume of 144,923. PIMCO Mortgage-Backed Securities Active ETF has a 12-month low of $45.71 and a 12-month high of $50.95. The company has a fifty day simple moving average of $47.02 and a 200-day simple moving average of $48.80.

PIMCO Mortgage-Backed Securities Active ETF Increases Dividend

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

Institutional Trading of PIMCO Mortgage-Backed Securities Active ETF

A number of large investors have recently added to or reduced their stakes in PMBS. Studio Investment Management LLC boosted its stake in PIMCO Mortgage-Backed Securities Active ETF by 43.0% in the third quarter. Studio Investment Management LLC now owns 10,378 shares of the company’s stock valued at $480,000 after acquiring an additional 3,119 shares during the last quarter. Foster & Motley Inc. bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during the 2nd quarter valued at approximately $9,946,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during the 1st quarter valued at approximately $28,000.

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.