PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Sees Large Growth in Short Interest
by Mitch Edgeman · The Markets DailyPIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 24,104 shares, a growth of 513.6% from the March 15th total of 3,928 shares. Based on an average daily trading volume, of 10,105 shares, the short-interest ratio is currently 2.4 days. Currently, 0.6% of the shares of the company are sold short.
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Trading Up 0.2%
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded up $0.11 during midday trading on Friday, reaching $51.19. 12,169 shares of the stock traded hands, compared to its average volume of 16,698. The firm has a fifty day moving average price of $51.41 and a two-hundred day moving average price of $51.63. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a fifty-two week low of $48.75 and a fifty-two week high of $52.60.
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, March 2nd.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Birchwood Financial Partners Inc. bought a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter valued at $229,000. SOL Capital Management CO increased its holdings in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 4.2% in the fourth quarter. SOL Capital Management CO now owns 34,335 shares of the company’s stock valued at $1,769,000 after buying an additional 1,370 shares in the last quarter. Kelleher Financial Advisors bought a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter valued at $191,000. JPMorgan Chase & Co. increased its holdings in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% in the third quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock valued at $1,012,000 after buying an additional 19,486 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the second quarter valued at approximately $519,000.
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.