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

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 87,086 shares, a growth of 367.6% from the August 15th total of 18,623 shares. Based on an average daily volume of 44,279 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.7% of the company’s stock are short sold.

PIMCO Senior Loan Active Exchange-Traded Fund Stock Down 0.1%

PIMCO Senior Loan Active Exchange-Traded Fund stock traded down $0.04 during trading hours on Friday, hitting $49.12. The stock had a trading volume of 56,382 shares, compared to its average volume of 94,738. PIMCO Senior Loan Active Exchange-Traded Fund has a 12-month low of $48.81 and a 12-month high of $51.09. The stock’s 50-day moving average price is $49.19 and its 200-day moving average price is $49.32.

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

A number of hedge funds have recently added to or reduced their stakes in LONZ. JPMorgan Chase & Co. bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter worth about $7,685,000. Concurrent Investment Advisors LLC purchased a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter valued at about $1,245,000. Finally, Toronto Dominion Bank bought a new position in PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter worth approximately $2,011,000.

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.