PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Short Interest Up 160.8% in April

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 74,697 shares, an increase of 160.8% from the April 15th total of 28,646 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 38,901 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank acquired a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the 4th quarter worth approximately $2,011,000. L & S Advisors Inc increased its position 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 purchasing an additional 3,491 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter worth approximately $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Trading Down 0.2%

LONZ stock opened at $49.52 on Friday. The company has a 50 day simple moving average of $49.43 and a 200 day simple moving average of $50.04. PIMCO Senior Loan Active Exchange-Traded Fund has a 1 year low of $48.81 and a 1 year high of $51.29.

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.