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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 7,943 shares, a decrease of 79.7% from the October 15th total of 39,206 shares. Based on an average daily volume of 16,025 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

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

PRFD traded down $0.17 during mid-day trading on Thursday, hitting $49.12. 2,956 shares of the stock were exchanged, compared to its average volume of 17,873. The firm’s fifty day moving average is $49.34 and its two-hundred day moving average is $50.69. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 1-year low of $48.24 and a 1-year high of $52.60.

About PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

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.