Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Declines By 92.3%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 18,623 shares, a drop of 92.3% from the July 30th total of 241,475 shares. Based on an average trading volume of 49,959 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of PIMCO Senior Loan Active Exchange-Traded Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter valued at approximately $2,011,000. JPMorgan Chase & Co. acquired a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the second quarter valued at approximately $7,685,000. Concurrent Investment Advisors LLC bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at approximately $1,245,000. Finally, Compass Financial Management LLC bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at approximately $228,000.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

LONZ traded up $0.02 during trading on Tuesday, reaching $49.31. 27,468 shares of the company’s stock were exchanged, compared to its average volume of 98,982. The company’s fifty day moving average price is $49.20 and its 200-day moving average price is $49.38. PIMCO Senior Loan Active Exchange-Traded Fund has a fifty-two week low of $48.81 and a fifty-two week high of $51.12.

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.