PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Short Interest Up 146.1% in August

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 63,881 shares, an increase of 146.1% from the August 15th total of 25,957 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 99,985 shares, the days-to-cover ratio is presently 0.6 days.

PIMCO Mortgage-Backed Securities Active ETF Price Performance

Shares of NASDAQ:PMBS traded down $0.09 on Monday, reaching $47.42. 123,143 shares of the company traded hands, compared to its average volume of 110,077. The company’s 50 day moving average is $48.58 and its 200-day moving average is $49.20. PIMCO Mortgage-Backed Securities Active ETF has a fifty-two week low of $47.30 and a fifty-two week high of $50.95.

PIMCO Mortgage-Backed Securities Active ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 1st.

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

Institutional investors have recently bought and sold shares of the stock. Foster & Motley Inc. acquired a new stake in PIMCO Mortgage-Backed Securities Active ETF during the 2nd quarter worth about $9,946,000. Seven Mile Advisory acquired a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the fourth quarter worth about $1,405,000. Studio Investment Management LLC increased its position in shares of PIMCO Mortgage-Backed Securities Active ETF by 78.1% in the second quarter. Studio Investment Management LLC now owns 7,259 shares of the company’s stock worth $358,000 after acquiring an additional 3,184 shares in the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the first quarter worth approximately $28,000.

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.