PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Stock Short Interest Climbs 127.1%

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,297,892 shares, an increase of 127.1% from the September 30th total of 2,772,745 shares. Based on an average trading volume of 8,256,605 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 69.5% in the 3rd quarter. Bfsg LLC now owns 119,045 shares of the company’s stock worth $3,023,000 after buying an additional 48,813 shares in the last quarter. Clear Point Advisors Inc. acquired a new stake in PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth approximately $276,000. Kelleher Financial Advisors purchased a new position in PIMCO Multi Sector Bond Active ETF during the third quarter valued at approximately $35,000. Parr Mcknight Wealth Management Group LLC boosted its position in PIMCO Multi Sector Bond Active ETF by 4.1% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 324,570 shares of the company’s stock worth $8,241,000 after acquiring an additional 12,910 shares during the last quarter. Finally, RFG Holdings Inc. lifted its stake in PIMCO Multi Sector Bond Active ETF by 3.3% during the 3rd quarter. RFG Holdings Inc. now owns 1,624,039 shares of the company’s stock worth $40,026,000 after acquiring an additional 51,844 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Trading Up 0.0%

Shares of NYSEARCA PYLD opened at $25.63 on Friday. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.15 and a 52-week high of $26.95. The stock has a 50 day moving average price of $25.68 and a 200 day moving average price of $26.26.

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.