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) saw a significant 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 days-to-cover ratio is currently 1.9 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LONZ. L & S Advisors Inc increased its position in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% during the third quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock worth $6,675,000 after buying an additional 3,491 shares during the period. Toronto Dominion Bank bought a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the fourth quarter worth $2,011,000. Finally, JPMorgan Chase & Co. acquired a new position in PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at $7,685,000.

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

PIMCO Senior Loan Active Exchange-Traded Fund stock opened at $49.65 on Friday. The stock’s 50 day moving average is $49.42 and its 200 day moving average is $50.04. PIMCO Senior Loan Active Exchange-Traded Fund has a one year low of $48.81 and a one year high of $51.29.

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.