Short Interest in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Increases By 48.0%

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,372,011 shares, a growth of 48.0% from the July 30th total of 1,602,391 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 3,485,192 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Several hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 93.4% during the 2nd quarter. Corient Private Wealth LP now owns 2,982,984 shares of the company’s stock valued at $79,109,000 after purchasing an additional 1,440,712 shares in the last quarter. Studio Investment Management LLC raised its position in shares of PIMCO Multi Sector Bond Active ETF by 70.8% in the second quarter. Studio Investment Management LLC now owns 26,867 shares of the company’s stock worth $713,000 after acquiring an additional 11,133 shares during the period. Mason & Associates LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 4.0% during the 2nd quarter. Mason & Associates LLC now owns 1,026,348 shares of the company’s stock valued at $27,219,000 after acquiring an additional 39,424 shares during the period. Ameritas Advisory Services LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 558.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 79,427 shares of the company’s stock valued at $2,106,000 after acquiring an additional 67,361 shares during the period. Finally, Kintra Wealth LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the 2nd quarter valued at about $6,117,000.

PIMCO Multi Sector Bond Active ETF Stock Up 0.0%

Shares of PYLD traded up $0.01 during mid-day trading on Wednesday, reaching $25.96. The company had a trading volume of 1,787,066 shares, compared to its average volume of 3,892,773. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.92 and a 52-week high of $27.04. The stock has a 50 day moving average of $26.25 and a two-hundred day moving average of $26.38.

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.