PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) Sees Large Increase in Short Interest

PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,283 shares, a growth of 1,182.2% from the June 30th total of 958 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 204,291 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Ultra Short Government Active ETF

A number of institutional investors have recently added to or reduced their stakes in BILZ. Williams & Novak LLC increased its stake in PIMCO Ultra Short Government Active ETF by 8.2% in the 2nd quarter. Williams & Novak LLC now owns 7,641 shares of the company’s stock worth $771,000 after acquiring an additional 580 shares during the last quarter. Contango Wealth Management LLC bought a new position in shares of PIMCO Ultra Short Government Active ETF in the first quarter worth approximately $233,000. Parallel Advisors LLC increased its position in shares of PIMCO Ultra Short Government Active ETF by 78.7% in the first quarter. Parallel Advisors LLC now owns 240,238 shares of the company’s stock worth $24,257,000 after purchasing an additional 105,824 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in PIMCO Ultra Short Government Active ETF in the first quarter valued at approximately $3,794,000. Finally, Security Financial Services INC. raised its stake in PIMCO Ultra Short Government Active ETF by 5.3% in the first quarter. Security Financial Services INC. now owns 2,461 shares of the company’s stock valued at $248,000 after purchasing an additional 124 shares in the last quarter.

PIMCO Ultra Short Government Active ETF Stock Performance

NYSEARCA BILZ traded up $0.03 on Friday, hitting $100.88. The stock had a trading volume of 170,563 shares, compared to its average volume of 259,761. The firm has a 50-day moving average of $100.80 and a 200-day moving average of $100.83. PIMCO Ultra Short Government Active ETF has a 52-week low of $100.63 and a 52-week high of $101.25.

About PIMCO Ultra Short Government Active ETF

The PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in treasury bills and notes, repurchase agreements, and cash collateralized by the US government. Securities selected have a maximum maturity of six months. BILZ was launched on Jun 21, 2023 and is managed by PIMCO.