PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 18,623 shares, a drop of 92.3% from the July 30th total of 241,475 shares. Based on an average trading volume of 49,959 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.
PIMCO Senior Loan Active Exchange-Traded Fund Price Performance
Shares of PIMCO Senior Loan Active Exchange-Traded Fund stock traded up $0.01 on Wednesday, reaching $49.32. The company had a trading volume of 17,798 shares, compared to its average volume of 98,482. The firm’s 50 day moving average price is $49.20 and its two-hundred day moving average price is $49.38. PIMCO Senior Loan Active Exchange-Traded Fund has a 52-week low of $48.81 and a 52-week high of $51.12.
Institutional Investors Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund
Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter valued at about $7,685,000. Concurrent Investment Advisors LLC purchased a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the second quarter worth about $1,245,000. 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. Finally, Compass Financial Management LLC purchased a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund in the second quarter valued at approximately $228,000.
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.
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