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

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 16,328 shares, a decline of 28.8% from the February 12th total of 22,921 shares. Based on an average trading volume of 91,245 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 91,245 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the fourth quarter worth $2,011,000. L & S Advisors Inc raised its position in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% in the 3rd quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock worth $6,675,000 after acquiring an additional 3,491 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter worth about $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Price Performance

Shares of LONZ stock traded up $0.05 during trading hours on Monday, hitting $49.29. 140,011 shares of the company’s stock traded hands, compared to its average volume of 129,800. The stock’s 50 day simple moving average is $50.00 and its 200 day simple moving average is $50.46. PIMCO Senior Loan Active Exchange-Traded Fund has a 12 month low of $47.79 and a 12 month high of $51.29.

PIMCO Senior Loan Active Exchange-Traded Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.38 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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.