PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD) Sees Significant Increase in Short Interest

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 8,150 shares, an increase of 77.5% from the August 31st total of 4,591 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 12,248 shares, the short-interest ratio is presently 0.7 days.

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

Shares of PRFD stock traded down $0.36 during trading hours on Thursday, reaching $48.62. 6,628 shares of the company’s stock were exchanged, compared to its average volume of 16,986. The stock’s 50 day moving average is $50.29 and its 200-day moving average is $50.78. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a fifty-two week low of $48.55 and a fifty-two week high of $52.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock. Birchwood Financial Partners Inc. purchased a new stake in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,447 shares of the company’s stock, valued at approximately $229,000. Birchwood Financial Partners Inc. owned about 0.11% of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund as of its most recent filing with the Securities & Exchange Commission.

About PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

(Get Free Report)

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.

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