PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Short Interest Update

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

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

Shares of PRFD stock traded up $0.06 during mid-day trading on Thursday, reaching $51.09. 1,513 shares of the company were exchanged, compared to its average volume of 15,621. The business’s 50 day simple moving average is $51.13 and its 200 day simple moving average is $51.39. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a fifty-two week low of $50.32 and a fifty-two week high of $52.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Kelleher Financial Advisors bought a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 4th quarter worth about $191,000. Birchwood Financial Partners Inc. acquired a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 4th quarter valued at about $229,000. JPMorgan Chase & Co. raised its stake 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 valued at $1,012,000 after purchasing an additional 19,486 shares in the last quarter. Finally, SOL Capital Management CO lifted 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 purchasing an additional 1,370 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.