PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Short Interest Update

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 87,086 shares, an increase of 367.6% from the August 15th total of 18,623 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 44,279 shares, the days-to-cover ratio is presently 2.0 days.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

Shares of NYSEARCA LONZ traded down $0.03 on Friday, reaching $49.12. 57,541 shares of the company’s stock traded hands, compared to its average volume of 94,793. The business’s 50 day simple moving average is $49.19 and its two-hundred day simple moving average is $49.32. PIMCO Senior Loan Active Exchange-Traded Fund has a 12 month low of $48.81 and a 12 month high of $51.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the second quarter valued at $7,685,000. Toronto Dominion Bank purchased a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the fourth quarter worth $2,011,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter worth $1,245,000.

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.