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

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 5,140 shares, a decrease of 66.4% from the November 30th total of 15,296 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 39,869 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 39,869 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

PIMCO Senior Loan Active Exchange-Traded Fund Trading Up 0.0%

Shares of NYSEARCA:LONZ traded up $0.02 during trading on Friday, reaching $50.81. 11,620 shares of the stock were exchanged, compared to its average volume of 139,541. PIMCO Senior Loan Active Exchange-Traded Fund has a 12 month low of $47.79 and a 12 month high of $51.70. The stock has a 50-day moving average price of $50.62 and a 200-day moving average price of $50.77.

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

Several institutional investors and hedge funds have recently modified their holdings of LONZ. JPMorgan Chase & Co. acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter worth approximately $7,685,000. L & S Advisors Inc boosted its stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% in the third quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock valued at $6,675,000 after buying an additional 3,491 shares during the period. Titleist Asset Management LLC boosted its stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 1.9% in the first quarter. Titleist Asset Management LLC now owns 12,053 shares of the company’s stock valued at $607,000 after buying an additional 229 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the first quarter worth approximately $212,000.

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.