Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Declines By 39.2%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 45,408 shares, a drop of 39.2% from the April 30th total of 74,697 shares. Based on an average daily volume of 240,955 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank purchased a new position in PIMCO Senior Loan Active Exchange-Traded Fund in the fourth quarter worth approximately $2,011,000. L & S Advisors Inc raised its position in 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 purchasing an additional 3,491 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

LONZ stock traded down $0.02 during trading on Wednesday, reaching $49.26. 4,801 shares of the stock were exchanged, compared to its average volume of 117,178. The business has a 50 day moving average price of $49.46 and a 200-day moving average price of $49.95. PIMCO Senior Loan Active Exchange-Traded Fund has a 1 year low of $48.81 and a 1 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.