PIMCO Energy and Tactical Credit Opportunities Fund (NRGX) Short Interest Ratio & Short Volume

Short interest is the volume of PIMCO Energy and Tactical Credit Opportunities Fund shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 27,300 shares of NRGX short. Learn More on PIMCO Energy and Tactical Credit Opportunities Fund's current short interest.

PIMCO Energy and Tactical Credit Opportunities Fund saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 27,300 shares, an increase of 118.4% from the previous total of 12,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($9.07 billion), T-Mobile US, Inc. ($3.71 billion), Charter Communications, Inc. ($3.51 billion), Occidental Petroleum Co. ($2.81 billion), Lululemon Athletica Inc. ($2.35 billion), Tractor Supply ($2.26 billion), Coinbase Global, Inc. ($1.88 billion), Rivian Automotive, Inc. ($1.71 billion), Celsius Holdings, Inc. ($1.67 billion), and Newmont Co. ($1.66 billion). View all of the most shorted stocks.

Short selling NRGX is an investing strategy that aims to generate trading profit from PIMCO Energy and Tactical Credit Opportunities Fund as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for PIMCO Energy and Tactical Credit Opportunities Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of NRGX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NRGX, twice per month. The most recent reporting period available is October, 31 2023.