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

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

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

Shares of NYSEARCA:LONZ traded up $0.01 during midday trading on Thursday, reaching $49.16. The company’s stock had a trading volume of 43,525 shares, compared to its average volume of 101,616. The firm has a 50 day moving average of $49.21 and a 200-day moving average of $49.45. PIMCO Senior Loan Active Exchange-Traded Fund has a 12-month low of $48.81 and a 12-month high of $51.12.

Institutional Investors Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund

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