Short Interest in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Expands By 133.4%

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

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Trading Down 0.2%

Shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock traded down $0.09 during mid-day trading on Friday, reaching $51.68. 17,113 shares of the stock were exchanged, compared to its average volume of 14,275. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a fifty-two week low of $48.01 and a fifty-two week high of $53.00. The firm has a 50-day simple moving average of $51.74 and a 200 day simple moving average of $51.34.

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

A number of hedge funds have recently added to or reduced their stakes in PRFD. Flow Traders U.S. LLC bought a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 2nd quarter valued at about $519,000. JPMorgan Chase & Co. grew its holdings 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 valued at $1,012,000 after purchasing an additional 19,486 shares during the period. Finally, SOL Capital Management CO increased its stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 3.0% in the third quarter. SOL Capital Management CO now owns 32,965 shares of the company’s stock valued at $1,708,000 after purchasing an additional 960 shares in the last quarter.

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.