Short Interest in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Declines By 47.5%
by Teresa Graham · The Cerbat GemPIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 1,182,142 shares, a drop of 47.5% from the April 15th total of 2,252,563 shares. Based on an average daily volume of 2,873,269 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.
PIMCO Multi Sector Bond Active ETF Price Performance
PYLD stock traded down $0.11 on Friday, reaching $26.22. The company had a trading volume of 7,857,281 shares, compared to its average volume of 3,974,207. PIMCO Multi Sector Bond Active ETF has a 1 year low of $25.91 and a 1 year high of $27.04. The company’s fifty day moving average is $26.37 and its 200 day moving average is $26.65.
Institutional Trading of PIMCO Multi Sector Bond Active ETF
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter worth $2,408,000. Castle Wealth Management LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 4.8% in the third quarter. Castle Wealth Management LLC now owns 566,849 shares of the company’s stock valued at $15,214,000 after purchasing an additional 26,047 shares during the period. Great Point Wealth Advisors LLC acquired a new position in PIMCO Multi Sector Bond Active ETF in the third quarter valued at $16,806,000. Beacon Financial Advisory LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 24.4% in the third quarter. Beacon Financial Advisory LLC now owns 443,056 shares of the company’s stock valued at $11,892,000 after purchasing an additional 86,920 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in PIMCO Multi Sector Bond Active ETF by 114.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 159,965 shares of the company’s stock worth $4,268,000 after buying an additional 85,219 shares during the period.
PIMCO Multi Sector Bond Active ETF Company Profile
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.