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

PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 430,957 shares, a growth of 679.9% from the September 30th total of 55,258 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 223,751 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On PIMCO Ultra Short Government Active ETF

A number of hedge funds have recently made changes to their positions in BILZ. Root Financial Partners LLC acquired a new stake in shares of PIMCO Ultra Short Government Active ETF in the first quarter valued at about $45,000. Latitude Advisors LLC purchased a new position in shares of PIMCO Ultra Short Government Active ETF in the third quarter worth about $68,000. Harbor Investment Advisory LLC acquired a new position in PIMCO Ultra Short Government Active ETF during the first quarter worth about $151,000. Bangor Savings Bank acquired a new position in PIMCO Ultra Short Government Active ETF during the third quarter worth about $212,000. Finally, Contango Wealth Management LLC acquired a new position in PIMCO Ultra Short Government Active ETF during the first quarter worth about $233,000.

PIMCO Ultra Short Government Active ETF Price Performance

Shares of NYSEARCA BILZ opened at $100.92 on Thursday. The firm has a fifty day moving average of $100.80 and a 200 day moving average of $100.82. PIMCO Ultra Short Government Active ETF has a one year low of $100.60 and a one year high of $101.17.

PIMCO Ultra Short Government Active ETF Company Profile

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.