PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS – Get Free Report) saw a large increase in short interest in 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 sold short. Based on an average daily volume of 99,985 shares, the days-to-cover ratio is currently 0.6 days.
Hedge Funds Weigh In On PIMCO Mortgage-Backed Securities Active ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in PIMCO Mortgage-Backed Securities Active ETF in the 2nd quarter worth about $152,000. Studio Investment Management LLC acquired a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the fourth quarter valued at about $203,000. Wayfinding Financial LLC bought a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the fourth quarter worth about $2,725,000. Columbia River Financial Group LLC bought a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the fourth quarter worth about $245,000. Finally, Seven Mile Advisory acquired a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the fourth quarter valued at approximately $1,405,000.
PIMCO Mortgage-Backed Securities Active ETF Stock Down 0.2%
PMBS stock traded down $0.10 during midday trading on Friday, reaching $47.51. The company had a trading volume of 57,897 shares, compared to its average volume of 110,002. The stock has a 50 day moving average price of $48.62 and a 200-day moving average price of $49.23. PIMCO Mortgage-Backed Securities Active ETF has a 1-year low of $47.47 and a 1-year high of $50.95.
PIMCO Mortgage-Backed Securities Active ETF Dividend Announcement
About PIMCO Mortgage-Backed Securities Active ETF
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.
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