PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Short Interest Update

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 15,574 shares, a decrease of 35.8% from the May 31st total of 24,260 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 7,632 shares, the days-to-cover ratio is presently 2.0 days.

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

PRFD traded up $0.06 during trading hours on Thursday, reaching $51.09. 1,513 shares of the stock traded hands, compared to its average volume of 15,621. The firm’s fifty day simple moving average is $51.13 and its two-hundred day simple moving average is $51.39. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a fifty-two week low of $50.32 and a fifty-two week high of $52.60.

Hedge Funds Weigh In On PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRFD. Kelleher Financial Advisors purchased a new stake in shares of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the fourth quarter worth about $191,000. Birchwood Financial Partners Inc. purchased a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter valued at about $229,000. JPMorgan Chase & Co. grew its stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 44,286.4% during the 3rd 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 in the last quarter. Finally, SOL Capital Management CO grew its stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 4.2% during the 4th 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 in the last quarter.

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.