PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 90,493 shares, a growth of 99.3% from the May 14th total of 45,408 shares. Based on an average daily trading volume, of 181,872 shares, the short-interest ratio is presently 0.5 days. Currently, 1.2% of the shares of the company are sold short.
Institutional Trading of PIMCO Senior Loan Active Exchange-Traded Fund
Hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the fourth quarter worth $2,011,000. L & S Advisors Inc boosted its holdings in 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. purchased a new stake in PIMCO Senior Loan Active Exchange-Traded Fund during the second quarter worth $7,685,000.
PIMCO Senior Loan Active Exchange-Traded Fund Stock Performance
NYSEARCA LONZ traded up $0.01 during mid-day trading on Friday, reaching $49.24. 45,833 shares of the stock were exchanged, compared to its average volume of 120,613. The business’s 50 day moving average is $49.45 and its 200-day moving average is $49.87. 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.
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