PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Shares Shorted: Short Interest Down 81.0% in October

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,194,905 shares, a decline of 81.0% from the October 15th total of 6,297,892 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,478,850 shares, the short-interest ratio is currently 0.2 days.

PIMCO Multi Sector Bond Active ETF Price Performance

PIMCO Multi Sector Bond Active ETF stock traded down $0.12 during midday trading on Thursday, reaching $25.41. 11,482,854 shares of the stock traded hands, compared to its average volume of 4,622,580. The stock’s fifty day moving average is $25.59 and its 200-day moving average is $26.21. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.15 and a 12 month high of $26.95.

Institutional Trading of PIMCO Multi Sector Bond Active ETF

Several hedge funds have recently modified their holdings of PYLD. HighTower Advisors LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the third quarter valued at $294,940,000. Retirement Planning Group LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth $193,884,000. Bank of America Corp DE grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 26.9% in the 1st quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock worth $604,905,000 after buying an additional 4,896,498 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 32,509.5% in the 2nd quarter. Waverly Advisors LLC now owns 4,417,609 shares of the company’s stock worth $117,155,000 after buying an additional 4,404,062 shares during the last quarter. Finally, Ocean Park Asset Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 2nd quarter worth about $87,004,000.

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.