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

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 74,697 shares, a growth of 160.8% from the April 15th total of 28,646 shares. Based on an average daily volume of 38,901 shares, the short-interest ratio is presently 1.9 days. Currently, 1.0% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter worth approximately $7,685,000. L & S Advisors Inc raised its stake 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 valued at $6,675,000 after buying an additional 3,491 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the 4th quarter valued at $2,011,000.

PIMCO Senior Loan Active Exchange-Traded Fund Trading Up 0.1%

Shares of LONZ opened at $49.65 on Friday. PIMCO Senior Loan Active Exchange-Traded Fund has a 52-week low of $48.81 and a 52-week high of $51.29. The stock has a fifty day moving average price of $49.42 and a two-hundred day moving average price of $50.04.

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.