Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Decreases By 46.7%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 48,190 shares, a decline of 46.7% from the May 31st total of 90,493 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 131,372 shares, the days-to-cover ratio is presently 0.4 days.

PIMCO Senior Loan Active Exchange-Traded Fund Stock Down 0.6%

PIMCO Senior Loan Active Exchange-Traded Fund stock traded down $0.28 during trading hours on Wednesday, hitting $49.03. The stock had a trading volume of 35,406 shares, compared to its average volume of 113,907. PIMCO Senior Loan Active Exchange-Traded Fund has a 1-year low of $48.81 and a 1-year high of $51.12. The stock’s fifty day moving average is $49.44 and its two-hundred day moving average is $49.75.

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

A hedge fund recently bought a new position in PIMCO Senior Loan Active Exchange-Traded Fund stock. JPMorgan Chase & Co. bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 150,716 shares of the company’s stock, valued at approximately $7,685,000. JPMorgan Chase & Co. owned about 1.10% of PIMCO Senior Loan Active Exchange-Traded Fund at the end of the most recent quarter.

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.