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 December. As of December 15th, there was short interest totaling 5,140 shares, a drop of 66.4% from the November 30th total of 15,296 shares. Based on an average daily trading volume, of 39,869 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 39,869 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. L & S Advisors Inc boosted its holdings in 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 purchasing an additional 3,491 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter valued at $7,685,000. Titleist Asset Management LLC lifted its holdings in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 1.9% during the 1st quarter. Titleist Asset Management LLC now owns 12,053 shares of the company’s stock valued at $607,000 after buying an additional 229 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 1st quarter worth $212,000.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

NYSEARCA:LONZ traded up $0.02 during mid-day trading on Friday, reaching $50.81. The company’s stock had a trading volume of 11,620 shares, compared to its average volume of 139,541. PIMCO Senior Loan Active Exchange-Traded Fund has a 12-month low of $47.79 and a 12-month high of $51.70. The firm’s fifty day moving average price is $50.62 and its two-hundred day moving average price is $50.77.

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.