PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Get Free Report) was the recipient 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 2,873,269 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at $28,000. GHP Investment Advisors Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 1st quarter valued at $32,000. Networth Advisors LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at $34,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at $34,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 757.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after acquiring an additional 1,325 shares during the last quarter.
PIMCO Multi Sector Bond Active ETF Stock Performance
NYSEARCA PYLD traded down $0.11 on Friday, reaching $26.22. 7,857,281 shares of the stock traded hands, compared to its average volume of 3,974,207. The firm’s fifty day simple moving average is $26.37 and its 200 day simple moving average is $26.65. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.91 and a 12 month high of $27.04.
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.
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