Short Interest in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Drops By 69.9%

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,811 shares, a drop of 69.9% from the December 15th total of 12,650 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 16,698 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 16,698 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

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

PRFD stock traded up $0.04 during mid-day trading on Tuesday, reaching $51.79. 11,191 shares of the stock traded hands, compared to its average volume of 34,413. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 52-week low of $48.01 and a 52-week high of $53.00. The stock’s fifty day moving average is $51.66 and its 200-day moving average is $51.43.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. This is a positive change from PIMCO Preferred and Capital Securities Active Exchange-Traded Fund’s previous monthly dividend of $0.24.

Institutional Trading of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

A number of hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the 2nd quarter worth about $519,000. JPMorgan Chase & Co. raised its position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% during the third quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock valued at $1,012,000 after acquiring an additional 19,486 shares in the last quarter. Finally, SOL Capital Management CO lifted its stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 3.0% in the third quarter. SOL Capital Management CO now owns 32,965 shares of the company’s stock valued at $1,708,000 after acquiring an additional 960 shares during the last quarter.

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.