PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Short Interest Up 367.6% in August

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

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

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased 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 bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the fourth quarter worth $2,011,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter worth $1,245,000.

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

Shares of PIMCO Senior Loan Active Exchange-Traded Fund stock traded down $0.04 during trading on Friday, hitting $49.12. The company’s 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 52 week low of $48.81 and a 52 week high of $51.09. The company has a fifty day simple moving average of $49.19 and a two-hundred day simple moving average of $49.32.

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.