Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Expands By 58.6%

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 31,400 shares, a growth of 58.6% from the December 15th total of 19,800 shares. Based on an average daily trading volume, of 135,000 shares, the days-to-cover ratio is presently 0.2 days.

iShares AAA CLO Active ETF Stock Up 0.1 %

Shares of NASDAQ CLOA traded up $0.04 during midday trading on Friday, hitting $51.96. The company had a trading volume of 168,350 shares, compared to its average volume of 190,132. The business has a 50-day simple moving average of $51.82 and a two-hundred day simple moving average of $51.83. iShares AAA CLO Active ETF has a twelve month low of $51.46 and a twelve month high of $52.12.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.2447 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Trading of iShares AAA CLO Active ETF

A number of hedge funds have recently bought and sold shares of CLOA. Oppenheimer & Co. Inc. purchased a new position in shares of iShares AAA CLO Active ETF in the 2nd quarter worth $1,885,000. Envestnet Asset Management Inc. purchased a new position in shares of iShares AAA CLO Active ETF during the 2nd quarter valued at approximately $42,734,000. Axxcess Wealth Management LLC acquired a new position in iShares AAA CLO Active ETF during the 2nd quarter worth $1,076,000. Invst LLC acquired a new position in iShares AAA CLO Active ETF in the second quarter worth about $576,000. Finally, High Falls Advisors Inc acquired a new position in shares of iShares AAA CLO Active ETF in the 2nd quarter worth approximately $512,000.

About iShares AAA CLO Active ETF

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.