PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Short Interest Up 168.7% in January

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 10,241 shares, an increase of 168.7% from the December 31st total of 3,811 shares. Based on an average trading volume of 30,974 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 30,974 shares, the days-to-cover ratio is presently 0.3 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kelleher Financial Advisors bought a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the 4th quarter valued at about $191,000. Flow Traders U.S. LLC bought a new position in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the second quarter valued at approximately $519,000. JPMorgan Chase & Co. boosted its position in shares of 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 buying an additional 19,486 shares during the last quarter. 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 third quarter. SOL Capital Management CO now owns 32,965 shares of the company’s stock valued at $1,708,000 after buying an additional 960 shares during the last quarter.

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

Shares of NYSEARCA:PRFD traded down $0.03 on Friday, reaching $51.91. 7,680 shares of the company’s stock were exchanged, compared to its average volume of 24,149. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a twelve month low of $48.01 and a twelve month high of $53.00. The company has a fifty day moving average of $51.72 and a 200-day moving average of $51.53.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a $0.25 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. This is a positive change from PIMCO Preferred and Capital Securities Active Exchange-Traded Fund’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, December 31st.

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.