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

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

iShares AAA CLO Active ETF Trading Up 0.1 %

Shares of CLOA stock traded up $0.04 on Friday, hitting $51.96. The company’s stock had a trading volume of 143,821 shares, compared to its average volume of 187,445. iShares AAA CLO Active ETF has a fifty-two week low of $51.46 and a fifty-two week high of $52.12. The stock’s 50 day moving average is $51.82 and its 200-day moving average is $51.83.

iShares AAA CLO Active ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in shares of iShares AAA CLO Active ETF during the 2nd quarter worth $42,734,000. JPMorgan Chase & Co. grew its stake in iShares AAA CLO Active ETF by 152.3% during the third quarter. JPMorgan Chase & Co. now owns 137,819 shares of the company’s stock worth $7,162,000 after buying an additional 83,204 shares in the last quarter. Aureus Asset Management LLC increased its holdings in iShares AAA CLO Active ETF by 482.9% in the 3rd quarter. Aureus Asset Management LLC now owns 48,502 shares of the company’s stock valued at $2,521,000 after buying an additional 40,181 shares during the period. Cetera Investment Advisers acquired a new position in shares of iShares AAA CLO Active ETF in the 2nd quarter valued at approximately $1,937,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of iShares AAA CLO Active ETF during the 2nd quarter worth approximately $1,885,000.

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.