PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Stock Short Interest Drops 65.8%

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 21,848 shares, a drop of 65.8% from the August 31st total of 63,881 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 67,343 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Mortgage-Backed Securities Active ETF Stock Up 0.5%

PMBS stock traded up $0.22 during midday trading on Friday, hitting $46.81. 664,445 shares of the stock traded hands, compared to its average volume of 118,443. The stock’s fifty day simple moving average is $48.27 and its 200-day simple moving average is $49.01. PIMCO Mortgage-Backed Securities Active ETF has a 1-year low of $46.41 and a 1-year high of $50.95.

PIMCO Mortgage-Backed Securities Active ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, September 1st were paid a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of PIMCO Mortgage-Backed Securities Active ETF

Several institutional investors have recently bought and sold shares of the business. Foster & Motley Inc. acquired a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during the 2nd quarter worth approximately $9,946,000. Seven Mile Advisory purchased a new stake in PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter worth $1,405,000. Studio Investment Management LLC increased its holdings in PIMCO Mortgage-Backed Securities Active ETF by 78.1% in the 2nd 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 acquired a new position in PIMCO Mortgage-Backed Securities Active ETF during the first quarter worth $28,000.

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.