PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Stock Short Interest Falls 79.7%

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 7,943 shares, a decrease of 79.7% from the October 15th total of 39,206 shares. Based on an average trading volume of 16,025 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

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

NYSEARCA PRFD traded down $0.17 on Thursday, hitting $49.12. The stock had a trading volume of 2,956 shares, compared to its average volume of 17,873. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 52-week low of $48.24 and a 52-week high of $52.60. The business’s fifty day moving average price is $49.34 and its 200 day moving average price is $50.69.

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.