Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Declines By 56.0%

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 26,300 shares, a decrease of 56.0% from the November 15th total of 59,800 shares. Based on an average daily volume of 123,400 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in iShares AAA CLO Active ETF during the 2nd quarter worth about $42,734,000. Commonwealth Equity Services LLC bought a new stake in shares of iShares AAA CLO Active ETF during the second quarter worth approximately $8,138,000. Pallas Capital Advisors LLC lifted its holdings in iShares AAA CLO Active ETF by 16.1% in the second quarter. Pallas Capital Advisors LLC now owns 155,627 shares of the company’s stock valued at $8,068,000 after buying an additional 21,597 shares during the period. Brookstone Capital Management boosted its stake in iShares AAA CLO Active ETF by 3.5% in the third quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock valued at $7,480,000 after acquiring an additional 4,908 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. grew its holdings in iShares AAA CLO Active ETF by 4.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 74,123 shares of the company’s stock worth $3,852,000 after acquiring an additional 3,308 shares during the period.

iShares AAA CLO Active ETF Price Performance

Shares of iShares AAA CLO Active ETF stock opened at $51.85 on Friday. The firm has a 50 day simple moving average of $51.84 and a 200 day simple moving average of $51.85. iShares AAA CLO Active ETF has a fifty-two week low of $50.93 and a fifty-two week high of $52.12.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were given a dividend of $0.2605 per share. The ex-dividend date of this dividend was Monday, December 2nd.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.