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 February. As of February 27th, there was short interest totaling 37,479 shares, a growth of 568.1% from the February 12th total of 5,610 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 337,290 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 337,290 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

PIMCO Ultra Short Government Active ETF Stock Up 0.0%

NYSEARCA BILZ traded up $0.02 during trading hours on Tuesday, reaching $100.77. 337,308 shares of the company’s stock were exchanged, compared to its average volume of 304,131. The firm has a fifty day moving average of $100.86 and a 200-day moving average of $100.94. PIMCO Ultra Short Government Active ETF has a one year low of $100.69 and a one year high of $101.27.

PIMCO Ultra Short Government Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Investors Weigh In On PIMCO Ultra Short Government Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH raised its stake in shares of PIMCO Ultra Short Government Active ETF by 48.5% in the third quarter. Allianz Asset Management GmbH now owns 803,924 shares of the company’s stock worth $81,349,000 after acquiring an additional 262,404 shares during the last quarter. Walled Lake Planning & Wealth Management LLC bought a new stake in shares of PIMCO Ultra Short Government Active ETF during the second quarter valued at approximately $23,114,000. Captrust Financial Advisors increased its holdings in shares of PIMCO Ultra Short Government Active ETF by 45.2% in the third quarter. Captrust Financial Advisors now owns 637,108 shares of the company’s stock valued at $64,469,000 after purchasing an additional 198,265 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its position in PIMCO Ultra Short Government Active ETF by 238.6% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 209,388 shares of the company’s stock worth $21,108,000 after purchasing an additional 147,542 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in PIMCO Ultra Short Government Active ETF by 148.6% in the 3rd quarter. Parallel Advisors LLC now owns 199,802 shares of the company’s stock worth $20,218,000 after purchasing an additional 119,424 shares during the last quarter.

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.