PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Short Interest Down 50.6% in March

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 3,928 shares, a decline of 50.6% from the February 26th total of 7,956 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 18,087 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. 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 purchasing an additional 19,486 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in the fourth quarter worth $229,000. SOL Capital Management CO raised its holdings in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund by 4.2% in the fourth quarter. SOL Capital Management CO now owns 34,335 shares of the company’s stock worth $1,769,000 after purchasing an additional 1,370 shares in the last quarter. Kelleher Financial Advisors purchased a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the fourth quarter valued at $191,000. Finally, Flow Traders U.S. LLC purchased a new position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund during the second quarter valued at $519,000.

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

PRFD stock traded down $0.22 during trading on Thursday, reaching $50.61. The company had a trading volume of 4,763 shares, compared to its average volume of 16,389. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a 52 week low of $48.01 and a 52 week high of $53.00. The business has a 50 day moving average of $51.68 and a 200 day moving average of $51.71.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

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.