PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Short Interest Down 55.2% in August

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,062,157 shares, a decrease of 55.2% from the August 15th total of 2,372,011 shares. Based on an average daily volume of 3,365,089 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

PIMCO Multi Sector Bond Active ETF Stock Down 0.1%

Shares of PYLD stock traded down $0.02 during trading hours on Tuesday, hitting $25.72. The company’s stock had a trading volume of 9,940,203 shares, compared to its average volume of 3,935,696. The business has a fifty day moving average of $26.15 and a 200-day moving average of $26.32. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.69 and a twelve month high of $27.04.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in PIMCO Multi Sector Bond Active ETF by 26.9% during the 1st quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock worth $604,905,000 after purchasing an additional 4,896,498 shares during the last quarter. LPL Financial LLC boosted its stake in shares of PIMCO Multi Sector Bond Active ETF by 34.3% during the 4th quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock valued at $389,102,000 after buying an additional 3,727,898 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 12.8% during the second quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock worth $328,883,000 after buying an additional 1,406,458 shares in the last quarter. HighTower Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 8.8% during the fourth quarter. HighTower Advisors LLC now owns 9,267,689 shares of the company’s stock worth $247,262,000 after buying an additional 751,426 shares in the last quarter. Finally, Advance Capital Management Inc. grew its position in shares of PIMCO Multi Sector Bond Active ETF by 44.7% during the first quarter. Advance Capital Management Inc. now owns 7,109,897 shares of the company’s stock worth $186,279,000 after buying an additional 2,195,875 shares in the last quarter.

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.