Short Interest in PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Declines By 38.9%

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBSGet Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 20,700 shares, a decline of 38.9% from the August 31st total of 33,900 shares. Based on an average daily trading volume, of 92,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 92,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of PIMCO Mortgage-Backed Securities Active ETF

A hedge fund recently bought a new stake in PIMCO Mortgage-Backed Securities Active ETF stock. JPMorgan Chase & Co. purchased a new stake in PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBSFree Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,100 shares of the company’s stock, valued at approximately $152,000.

PIMCO Mortgage-Backed Securities Active ETF Stock Performance

NASDAQ:PMBS opened at $49.55 on Friday. PIMCO Mortgage-Backed Securities Active ETF has a 52 week low of $47.13 and a 52 week high of $49.97. The stock’s 50 day moving average price is $49.32 and its 200 day moving average price is $48.76.

PIMCO Mortgage-Backed Securities Active ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were given a dividend of $0.22 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, October 1st.

PIMCO Mortgage-Backed Securities Active ETF Company Profile

(Get Free Report)

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.

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