PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Get Free Report) was the recipient of a significant increase in short interest in the month of 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 12,248 shares, the short-interest ratio is presently 0.7 days.
Institutional Investors Weigh In On PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
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 position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (NYSEARCA:PRFD – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,447 shares of the company’s stock, valued at approximately $229,000. Birchwood Financial Partners Inc. owned approximately 0.11% of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund as of its most recent SEC filing.
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund Stock Down 0.3%
PRFD traded down $0.16 on Tuesday, hitting $49.04. 8,142 shares of the company’s stock traded hands, compared to its average volume of 17,098. The company’s 50 day simple moving average is $50.36 and its 200-day simple moving average is $50.81. PIMCO Preferred and Capital Securities Active Exchange-Traded Fund has a one year low of $49.04 and a one year high of $52.60.
About PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
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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