PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Short Interest Update

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a significant drop in short interest in 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. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 240,955 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Toronto Dominion Bank bought a new position in PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter worth approximately $2,011,000. L & S Advisors Inc grew its holdings in PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% during 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 during the period. Finally, JPMorgan Chase & Co. acquired a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter worth $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Stock Performance

Shares of LONZ opened at $49.24 on Friday. PIMCO Senior Loan Active Exchange-Traded Fund has a 12 month low of $48.81 and a 12 month high of $51.29. The company has a 50-day moving average price of $49.46 and a two-hundred day moving average price of $49.92.

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.