PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Shares Shorted: Short Interest Down 78.5% in October

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 15,595 shares, a decrease of 78.5% from the October 15th total of 72,530 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 245,950 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Mortgage-Backed Securities Active ETF Stock Performance

Shares of PMBS opened at $46.95 on Thursday. The company’s 50 day simple moving average is $47.05 and its 200-day simple moving average is $48.82. PIMCO Mortgage-Backed Securities Active ETF has a 12-month low of $45.71 and a 12-month high of $50.95.

PIMCO Mortgage-Backed Securities Active ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Monday, November 2nd were given a dividend of $0.1850 per share. This represents a $2.22 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, November 2nd. This is an increase from PIMCO Mortgage-Backed Securities Active ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC purchased a new position in shares of PIMCO Mortgage-Backed Securities Active ETF during the 1st quarter worth approximately $28,000. Studio Investment Management LLC boosted its position in shares of PIMCO Mortgage-Backed Securities Active ETF by 43.0% in the 3rd quarter. Studio Investment Management LLC now owns 10,378 shares of the company’s stock worth $480,000 after buying an additional 3,119 shares in the last quarter. Finally, Foster & Motley Inc. purchased a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF in the second quarter valued at about $9,946,000.

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.