PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) Sees Significant Drop in Short Interest

PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 981 shares, a drop of 95.4% from the January 15th total of 21,469 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 265,291 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 265,291 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of PIMCO Ultra Short Government Active ETF by 120.4% in the first quarter. Royal Bank of Canada now owns 87,516 shares of the company’s stock valued at $8,856,000 after purchasing an additional 47,808 shares during the period. CWM LLC raised its stake in PIMCO Ultra Short Government Active ETF by 2,145.5% during the 2nd quarter. CWM LLC now owns 494 shares of the company’s stock valued at $50,000 after acquiring an additional 472 shares in the last quarter. Patten & Patten Inc. TN boosted its position in PIMCO Ultra Short Government Active ETF by 16.8% during the 2nd quarter. Patten & Patten Inc. TN now owns 20,280 shares of the company’s stock worth $2,052,000 after acquiring an additional 2,913 shares during the period. Mid American Wealth Advisory Group Inc. raised its stake in shares of PIMCO Ultra Short Government Active ETF by 41.1% during the second quarter. Mid American Wealth Advisory Group Inc. now owns 106,347 shares of the company’s stock valued at $10,762,000 after purchasing an additional 30,970 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in PIMCO Ultra Short Government Active ETF in the 2nd quarter valued at about $617,000.

PIMCO Ultra Short Government Active ETF Price Performance

Shares of NYSEARCA:BILZ traded up $0.01 during trading on Wednesday, reaching $100.82. 28,053 shares of the company’s stock traded hands, compared to its average volume of 274,147. PIMCO Ultra Short Government Active ETF has a 12 month low of $100.72 and a 12 month high of $101.27. The company has a 50 day moving average of $100.89 and a 200-day moving average of $100.96.

PIMCO Ultra Short Government Active ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.32 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.