Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Rises By 160.8%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 74,697 shares, an increase 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 currently 1.9 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Trading of PIMCO Senior Loan Active Exchange-Traded Fund

A number of institutional investors have recently made changes to their positions in LONZ. JPMorgan Chase & Co. acquired a new stake 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 stake 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 stake 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 acquiring an additional 3,491 shares during the period.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

NYSEARCA LONZ traded down $0.10 on Friday, hitting $49.52. The stock had a trading volume of 268,609 shares, compared to its average volume of 112,760. PIMCO Senior Loan Active Exchange-Traded Fund has a one year low of $48.81 and a one year high of $51.29. The company’s 50-day moving average is $49.43 and its two-hundred day moving average is $50.04.

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.