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

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

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

LONZ traded down $0.02 during trading hours on Wednesday, hitting $49.26. 4,801 shares of the company’s stock were exchanged, compared to its average volume of 117,178. PIMCO Senior Loan Active Exchange-Traded Fund has a 12-month low of $48.81 and a 12-month high of $51.29. The firm has a 50 day moving average of $49.46 and a 200 day moving average of $49.95.

Institutional Trading of PIMCO Senior Loan Active Exchange-Traded Fund

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at $7,685,000. Toronto Dominion Bank acquired a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the 4th quarter worth $2,011,000. Finally, L & S Advisors Inc grew its stake in PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% during 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 in the last quarter.

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.