PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) Short Interest Down 82.1% in May

PIMCO Ultra Short Government Active ETF (NYSEARCA:BILZ) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 22,655 shares, a drop of 82.1% from the April 30th total of 126,363 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 315,663 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Ultra Short Government Active ETF Price Performance

Shares of NYSEARCA BILZ opened at $100.92 on Thursday. The business has a fifty day moving average of $100.84 and a two-hundred day moving average of $100.87. PIMCO Ultra Short Government Active ETF has a 52-week low of $100.67 and a 52-week high of $101.27.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Security Financial Services INC. raised its holdings in shares of PIMCO Ultra Short Government Active ETF by 5.3% in the first quarter. Security Financial Services INC. now owns 2,461 shares of the company’s stock valued at $248,000 after buying an additional 124 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its position in shares of PIMCO Ultra Short Government Active ETF by 9.4% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 302,867 shares of the company’s stock valued at $30,580,000 after purchasing an additional 26,045 shares during the period. NewEdge Advisors LLC acquired a new position in shares of PIMCO Ultra Short Government Active ETF in the 1st quarter valued at approximately $38,000. Royal Bank of Canada grew its position in shares of PIMCO Ultra Short Government Active ETF by 25.6% in the 1st quarter. Royal Bank of Canada now owns 108,517 shares of the company’s stock valued at $10,957,000 after purchasing an additional 22,116 shares during the period. Finally, FreeGulliver LLC grew its position in shares of PIMCO Ultra Short Government Active ETF by 161.3% in the 1st quarter. FreeGulliver LLC now owns 12,959 shares of the company’s stock valued at $1,308,000 after purchasing an additional 8,000 shares during the period.

About PIMCO Ultra Short Government Active ETF

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.