Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Declines By 39.2%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 45,408 shares, a decrease of 39.2% from the April 30th total of 74,697 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 240,955 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter worth approximately $7,685,000. Toronto Dominion Bank acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter worth approximately $2,011,000. Finally, L & S Advisors Inc lifted its position in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% in the 3rd 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 period.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

NYSEARCA:LONZ opened at $49.28 on Thursday. The company has a 50 day simple moving average of $49.46 and a two-hundred day simple moving average of $49.93. PIMCO Senior Loan Active Exchange-Traded Fund has a fifty-two week low of $48.81 and a fifty-two week high of $51.29.

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.