Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Drops By 92.3%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 18,623 shares, a drop of 92.3% from the July 30th total of 241,475 shares. Based on an average daily volume of 49,959 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

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

LONZ traded up $0.03 during trading on Thursday, hitting $49.34. The company’s stock had a trading volume of 16,005 shares, compared to its average volume of 98,001. The firm’s 50 day moving average price is $49.20 and its two-hundred day moving average price is $49.38. PIMCO Senior Loan Active Exchange-Traded Fund has a 12 month low of $48.81 and a 12 month high of $51.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LONZ. Concurrent Investment Advisors LLC bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter worth about $1,245,000. Compass Financial Management LLC acquired a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at approximately $228,000. Toronto Dominion Bank acquired a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the fourth quarter valued at approximately $2,011,000. Finally, JPMorgan Chase & Co. bought a new position in PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter worth approximately $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Company Profile

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.