Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Rises By 99.3%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 90,493 shares, an increase of 99.3% from the May 14th total of 45,408 shares. Based on an average daily volume of 181,872 shares, the short-interest ratio is presently 0.5 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter worth approximately $7,685,000. L & S Advisors Inc grew its stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% in the 3rd quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock worth $6,675,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter worth approximately $2,011,000.

PIMCO Senior Loan Active Exchange-Traded Fund Stock Performance

NYSEARCA LONZ traded up $0.10 on Monday, reaching $49.34. 59,031 shares of the stock traded hands, compared to its average volume of 120,068. PIMCO Senior Loan Active Exchange-Traded Fund has a 12 month low of $48.81 and a 12 month high of $51.29. The firm’s fifty day simple moving average is $49.45 and its 200 day simple moving average is $49.87.

About PIMCO Senior Loan Active Exchange-Traded Fund

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.