Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Expands By 181.7%

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 158,600 shares, a growth of 181.7% from the October 15th total of 56,300 shares. Based on an average daily volume of 118,000 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

A number of hedge funds have recently added to or reduced their stakes in CLOA. First Horizon Advisors Inc. acquired a new position in shares of iShares AAA CLO Active ETF during the second quarter valued at $60,000. LGT Financial Advisors LLC acquired a new position in shares of iShares AAA CLO Active ETF during the 2nd quarter valued at $114,000. Chris Bulman Inc bought a new stake in shares of iShares AAA CLO Active ETF in the 2nd quarter worth $147,000. SigFig Wealth Management LLC acquired a new stake in shares of iShares AAA CLO Active ETF in the second quarter valued at $237,000. Finally, Freestate Advisors LLC bought a new position in iShares AAA CLO Active ETF during the third quarter valued at about $258,000.

iShares AAA CLO Active ETF Stock Performance

Shares of NASDAQ:CLOA remained flat at $51.87 during midday trading on Thursday. 82,511 shares of the company were exchanged, compared to its average volume of 84,979. iShares AAA CLO Active ETF has a fifty-two week low of $50.93 and a fifty-two week high of $52.02. The company’s 50 day simple moving average is $51.83 and its two-hundred day simple moving average is $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2682 dividend. The ex-dividend date was Friday, November 1st.

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.