PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Sees Significant Increase in Short Interest

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

PIMCO Multi Sector Bond Active ETF Stock Up 0.1%

Shares of PYLD traded up $0.02 during trading hours on Friday, reaching $25.54. The stock had a trading volume of 14,498,685 shares, compared to its average volume of 4,071,415. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.47 and a 12 month high of $27.04. The company’s 50-day moving average is $26.05 and its two-hundred day moving average is $26.25.

Hedge Funds Weigh In On PIMCO Multi Sector Bond Active ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PYLD. Cornerstone Financial Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter valued at approximately $32,000. Cedar Mountain Advisors LLC bought a new position in PIMCO Multi Sector Bond Active ETF in the 2nd quarter valued at approximately $38,000. PNC Financial Services Group Inc. raised its holdings in PIMCO Multi Sector Bond Active ETF by 757.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after buying an additional 1,325 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in PIMCO Multi Sector Bond Active ETF by 2,445.5% during the 1st quarter. International Assets Investment Management LLC now owns 2,571 shares of the company’s stock worth $67,000 after buying an additional 2,470 shares during the period.

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.