Short Interest in PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Increases By 558.7%

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 107,487 shares, an increase of 558.7% from the April 30th total of 16,317 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 147,179 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On PIMCO Mortgage-Backed Securities Active ETF

Institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC bought a new position in PIMCO Mortgage-Backed Securities Active ETF in the 1st quarter worth $28,000. JPMorgan Chase & Co. bought a new position in PIMCO Mortgage-Backed Securities Active ETF in the 2nd quarter worth $152,000. Studio Investment Management LLC bought a new position in PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth $203,000. Essex Bank bought a new position in PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth $209,000. Finally, Columbia River Financial Group LLC bought a new position in PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth $245,000.

PIMCO Mortgage-Backed Securities Active ETF Stock Performance

Shares of PMBS stock traded up $0.17 on Thursday, reaching $49.46. The stock had a trading volume of 52,177 shares, compared to its average volume of 125,488. PIMCO Mortgage-Backed Securities Active ETF has a 1 year low of $47.90 and a 1 year high of $50.95. The company has a 50 day simple moving average of $49.49 and a 200 day simple moving average of $49.79.

PIMCO Mortgage-Backed Securities Active ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, May 1st.

PIMCO Mortgage-Backed Securities Active ETF Company Profile

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund invests in mortgage-backed securities, seeking actively managed risk-adjusted return potential. The fund aims to provide core, high-quality, intermediate-term exposure through fundamental selection and weighting. PMBS was launched on Sep 20, 2024 and is issued by PIMCO.