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

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 22,921 shares, a decline of 43.0% from the January 29th total of 40,198 shares. Based on an average daily volume of 130,050 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 130,050 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of PIMCO Senior Loan Active Exchange-Traded Fund

A number of hedge funds have recently bought and sold shares of LONZ. Toronto Dominion Bank acquired a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the 4th quarter worth approximately $2,011,000. L & S Advisors Inc increased its holdings in shares of PIMCO Senior Loan Active Exchange-Traded Fund by 2.7% in the third quarter. L & S Advisors Inc now owns 130,706 shares of the company’s stock valued at $6,675,000 after purchasing an additional 3,491 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at approximately $7,685,000.

PIMCO Senior Loan Active Exchange-Traded Fund Trading Down 0.7%

LONZ stock traded down $0.36 during midday trading on Friday, reaching $49.27. The stock had a trading volume of 226,608 shares, compared to its average volume of 91,941. PIMCO Senior Loan Active Exchange-Traded Fund has a 52-week low of $47.79 and a 52-week high of $51.29. The company’s fifty day simple moving average is $50.27 and its 200 day simple moving average is $50.58.

PIMCO Senior Loan Active Exchange-Traded Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.38 dividend. This is an increase from PIMCO Senior Loan Active Exchange-Traded Fund’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.