PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Short Interest Down 55.2% in August

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,062,157 shares, a decrease of 55.2% from the August 15th total of 2,372,011 shares. Based on an average daily volume of 3,365,089 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in PIMCO Multi Sector Bond Active ETF by 26.9% during the 1st quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock valued at $604,905,000 after purchasing an additional 4,896,498 shares in the last quarter. LPL Financial LLC grew its holdings in PIMCO Multi Sector Bond Active ETF by 34.3% during the fourth quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock worth $389,102,000 after buying an additional 3,727,898 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 12.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock worth $328,883,000 after acquiring an additional 1,406,458 shares in the last quarter. HighTower Advisors LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 8.8% in the 4th quarter. HighTower Advisors LLC now owns 9,267,689 shares of the company’s stock valued at $247,262,000 after buying an additional 751,426 shares during the last quarter. Finally, Advance Capital Management Inc. lifted its holdings in PIMCO Multi Sector Bond Active ETF by 44.7% during the first quarter. Advance Capital Management Inc. now owns 7,109,897 shares of the company’s stock worth $186,279,000 after acquiring an additional 2,195,875 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD stock traded up $0.07 during trading hours on Wednesday, hitting $25.79. 2,683,828 shares of the company were exchanged, compared to its average volume of 3,928,067. The company has a 50 day simple moving average of $26.14 and a two-hundred day simple moving average of $26.31. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.69 and a fifty-two week high of $27.04.

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.