PIMCO Senior Loan Active Exchange-Traded Fund (NYSEARCA:LONZ – Get Free Report) was the recipient of a large growth in short interest in 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 shares of the stock are short sold. Based on an average daily volume of 61,400 shares, the short-interest ratio is currently 3.9 days.
Hedge Funds Weigh In On PIMCO Senior Loan Active Exchange-Traded Fund
Hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC bought a new position in shares of PIMCO Senior Loan Active Exchange-Traded Fund during the second quarter worth $228,000. Toronto Dominion Bank bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the 4th quarter valued at $2,011,000. Finally, JPMorgan Chase & Co. bought a new stake in PIMCO Senior Loan Active Exchange-Traded Fund in the 2nd quarter valued at $7,685,000.
PIMCO Senior Loan Active Exchange-Traded Fund Price Performance
PIMCO Senior Loan Active Exchange-Traded Fund stock opened at $49.15 on Friday. PIMCO Senior Loan Active Exchange-Traded Fund has a fifty-two week low of $48.81 and a fifty-two week high of $51.12. The firm’s fifty day moving average price is $49.20 and its 200-day moving average price is $49.44.
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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