PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ – Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 28,646 shares, an increase of 42.4% from the March 31st total of 20,118 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 62,113 shares, the days-to-cover ratio is presently 0.5 days.
PIMCO Senior Loan Active Exchange-Traded Fund Trading Up 0.2%
Shares of NYSEARCA LONZ traded up $0.08 during mid-day trading on Thursday, reaching $49.82. 17,275 shares of the company’s stock were exchanged, compared to its average volume of 95,572. The business has a fifty day simple moving average of $49.42 and a 200 day simple moving average of $50.11. PIMCO Senior Loan Active Exchange-Traded Fund has a twelve month low of $48.81 and a twelve month high of $51.29.
Institutional Investors Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund
Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank acquired a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the fourth quarter worth about $2,011,000. L & S Advisors Inc grew its holdings in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% during the third quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock worth $6,675,000 after buying 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 during the second quarter worth about $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.
Further Reading
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