PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Sees Large Decline in Short Interest

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 22,921 shares, a drop of 43.0% from the January 29th total of 40,198 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 130,050 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 130,050 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund

Several institutional investors have recently made changes to their positions in LONZ. L & S Advisors Inc raised its position in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% in the third quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock worth $6,675,000 after acquiring an additional 3,491 shares during the period. Toronto Dominion Bank purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter valued at about $2,011,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter valued at about $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Stock Performance

NYSEARCA LONZ traded down $0.36 during trading hours on Friday, hitting $49.27. 226,608 shares of the company’s stock traded hands, compared to its average volume of 91,941. The business’s fifty day moving average price is $50.27 and its two-hundred day moving average price is $50.58. PIMCO Senior Loan Active Exchange-Traded Fund has a 52 week low of $47.79 and a 52 week high of $51.29.

PIMCO Senior Loan Active Exchange-Traded Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.38 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 9.3%. This is a boost from PIMCO Senior Loan Active Exchange-Traded Fund’s previous monthly dividend of $0.13.

PIMCO Senior Loan Active Exchange-Traded Fund Company Profile

The PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks current income through the active management of US dollar-denominated senior floating rate bank loans that are rated below investment grade. LONZ was launched on Jun 8, 2022 and is managed by PIMCO.