Short Interest in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Declines By 47.5%

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,182,142 shares, a decrease of 47.5% from the April 15th total of 2,252,563 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 2,873,269 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On PIMCO Multi Sector Bond Active ETF

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in PIMCO Multi Sector Bond Active ETF in the third quarter valued at $2,408,000. Castle Wealth Management LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 4.8% during the third quarter. Castle Wealth Management LLC now owns 566,849 shares of the company’s stock worth $15,214,000 after acquiring an additional 26,047 shares during the last quarter. Great Point Wealth Advisors LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter worth about $16,806,000. Beacon Financial Advisory LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 24.4% in the 3rd quarter. Beacon Financial Advisory LLC now owns 443,056 shares of the company’s stock worth $11,892,000 after purchasing an additional 86,920 shares during the period. Finally, Aprio Wealth Management LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 18.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,004,336 shares of the company’s stock valued at $26,956,000 after purchasing an additional 153,174 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD traded down $0.11 during mid-day trading on Friday, hitting $26.22. The company had a trading volume of 7,857,281 shares, compared to its average volume of 3,974,207. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.91 and a 1-year high of $27.04. The business’s 50-day simple moving average is $26.37 and its 200-day simple moving average is $26.65.

About PIMCO Multi Sector Bond Active ETF

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.