PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Stock Short Interest Climbs 231.9%

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,525,596 shares, an increase of 231.9% from the August 31st total of 1,062,157 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 4,563,097 shares, the short-interest ratio is currently 0.8 days.

PIMCO Multi Sector Bond Active ETF Stock Up 0.1%

PIMCO Multi Sector Bond Active ETF stock traded up $0.02 during mid-day trading on Friday, reaching $25.54. 14,498,685 shares of the company traded hands, compared to its average volume of 4,071,415. The firm’s 50 day moving average price is $26.05 and its 200 day moving average price is $26.25. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.47 and a 52-week high of $27.04.

Institutional Trading of PIMCO Multi Sector Bond Active ETF

A number of hedge funds have recently made changes to their positions in the stock. RFG Advisory LLC lifted its stake in PIMCO Multi Sector Bond Active ETF by 89.1% during the 1st quarter. RFG Advisory LLC now owns 620,585 shares of the company’s stock valued at $16,259,000 after acquiring an additional 292,370 shares during the period. PMG Wealth Management Inc. purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the first quarter valued at approximately $5,369,000. WESPAC Advisors SoCal LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 15.2% during the first quarter. WESPAC Advisors SoCal LLC now owns 385,406 shares of the company’s stock valued at $10,098,000 after purchasing an additional 50,957 shares during the last quarter. BlueChip Wealth Advisors LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the first quarter valued at approximately $1,054,000. Finally, Thoroughbred Financial Services LLC lifted its position in PIMCO Multi Sector Bond Active ETF by 42.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 88,411 shares of the company’s stock valued at $2,358,000 after purchasing an additional 26,515 shares during the period.

PIMCO Multi Sector Bond Active ETF Company Profile

The PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a multi-sector portfolio of fixed income instruments issued by various US and non-US public or private-sector entities. The fund has no maturity and credit rating limitations. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.