PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) Stock Short Interest Rises 450.3%

PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 55,258 shares, an increase of 450.3% from the September 15th total of 10,041 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 177,109 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Ultra Short Government Active ETF Price Performance

Shares of BILZ traded up $0.04 during trading on Friday, reaching $100.74. 182,733 shares of the company traded hands, compared to its average volume of 242,378. The stock has a 50-day simple moving average of $100.77 and a 200-day simple moving average of $100.80. PIMCO Ultra Short Government Active ETF has a twelve month low of $100.60 and a twelve month high of $101.17.

Hedge Funds Weigh In On PIMCO Ultra Short Government Active ETF

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in shares of PIMCO Ultra Short Government Active ETF in the first quarter worth $38,000. Root Financial Partners LLC acquired a new stake in PIMCO Ultra Short Government Active ETF in the first quarter valued at approximately $45,000. Harbor Investment Advisory LLC purchased a new position in PIMCO Ultra Short Government Active ETF in the first quarter worth approximately $151,000. Bangor Savings Bank acquired a new position in shares of PIMCO Ultra Short Government Active ETF during the third quarter worth $212,000. Finally, Triad Wealth Partners LLC purchased a new position in PIMCO Ultra Short Government Active ETF in the first quarter valued at $226,000.

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.