PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Short Interest Up 95.1% in May

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 23,161 shares, an increase of 95.1% from the April 30th total of 11,874 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 26,099 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

Several hedge funds have recently bought and sold shares of the stock. SOL Capital Management CO lifted its position 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 valued at $1,769,000 after purchasing an additional 1,370 shares during the last quarter. Kelleher Financial Advisors bought a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 4th quarter worth approximately $191,000. Birchwood Financial Partners Inc. bought a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 4th quarter worth approximately $229,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 worth $1,012,000 after acquiring an additional 19,486 shares during the last quarter.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Trading Down 0.6%

Shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock opened at $51.01 on Tuesday. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 1 year low of $49.91 and a 1 year high of $52.60. The company has a 50 day simple moving average of $51.03 and a two-hundred day simple moving average of $51.48.

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.