PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Stock Short Interest Jumps 99.3%

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 72,530 shares, a growth of 99.3% from the September 30th total of 36,395 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 315,286 shares, the days-to-cover ratio is presently 0.2 days.

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

Large investors have recently added to or reduced their stakes in the stock. Studio Investment Management LLC grew its position in shares of PIMCO Mortgage-Backed Securities Active ETF by 43.0% in the third quarter. Studio Investment Management LLC now owns 10,378 shares of the company’s stock valued at $480,000 after purchasing an additional 3,119 shares during the period. Foster & Motley Inc. purchased a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the second quarter worth about $9,946,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the first quarter worth about $28,000.

PIMCO Mortgage-Backed Securities Active ETF Stock Down 0.2%

Shares of PMBS stock opened at $47.37 on Tuesday. The stock has a 50 day simple moving average of $47.22 and a 200-day simple moving average of $48.91. PIMCO Mortgage-Backed Securities Active ETF has a 1-year low of $45.71 and a 1-year high of $50.95.

PIMCO Mortgage-Backed Securities Active ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 4th. Investors of record on Monday, November 2nd will be issued a $0.1850 dividend. This represents a $2.22 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, November 2nd. This is a boost from PIMCO Mortgage-Backed Securities Active ETF’s previous monthly dividend of $0.18.

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.