Short Interest in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Decreases By 94.5%

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 620 shares, a decrease of 94.5% from the July 30th total of 11,190 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,658 shares, the days-to-cover ratio is presently 0.0 days.

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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded up $0.01 during mid-day trading on Wednesday, reaching $50.75. 4,911 shares of the company were exchanged, compared to its average volume of 17,625. The company has a fifty day simple moving average of $50.84 and a 200-day simple moving average of $51.12. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 12 month low of $50.32 and a 12 month high of $52.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PRFD. Birchwood Financial Partners Inc. acquired a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter valued at about $229,000. SOL Capital Management CO grew its stake in 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 buying an additional 1,370 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 worth $1,012,000 after buying an additional 19,486 shares in the last quarter.

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.