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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 12,650 shares, an increase of 133.4% from the November 30th total of 5,419 shares. Based on an average trading volume of 9,533 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 9,533 shares, the short-interest ratio is presently 1.3 days.

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

PRFD opened at $51.68 on Friday. The company’s 50 day simple moving average is $51.74 and its two-hundred day simple moving average is $51.33. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 1-year low of $48.01 and a 1-year high of $53.00.

Hedge Funds Weigh In On PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 2nd quarter valued at $519,000. JPMorgan Chase & Co. raised its holdings in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,530 shares of the company’s stock worth $1,012,000 after acquiring an additional 19,486 shares during the period. Finally, SOL Capital Management CO boosted its position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 3.0% during the 3rd 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.

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.