Short Interest in PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) Increases By 220.1%

PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 241,475 shares, an increase of 220.1% from the July 15th total of 75,446 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 61,400 shares, the days-to-cover ratio is presently 3.9 days.

PIMCO Senior Loan Active Exchange-Traded Fund Trading Up 0.0%

Shares of NYSEARCA:LONZ traded up $0.01 on Thursday, hitting $49.16. The company had a trading volume of 43,525 shares, compared to its average volume of 101,616. The firm’s 50-day simple moving average is $49.21 and its two-hundred day simple moving average is $49.45. PIMCO Senior Loan Active Exchange-Traded Fund has a 1 year low of $48.81 and a 1 year high of $51.12.

Institutional Trading of PIMCO Senior Loan Active Exchange-Traded Fund

Several large investors have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the 2nd quarter worth approximately $228,000. Toronto Dominion Bank purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter valued at approximately $2,011,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter valued at approximately $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.