Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) Sees Large Increase in Short Interest

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 19,350 shares, an increase of 27.4% from the January 29th total of 15,185 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 6,519 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 6,519 shares, the short-interest ratio is currently 3.0 days. Approximately 1.1% of the company’s shares are sold short.

Alternative Access First Priority CLO Bond ETF Price Performance

Shares of NYSEARCA AAA opened at $24.98 on Thursday. The firm has a fifty day moving average of $25.01 and a 200-day moving average of $25.02. Alternative Access First Priority CLO Bond ETF has a 52-week low of $24.33 and a 52-week high of $25.15.

Alternative Access First Priority CLO Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0942 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th.

About Alternative Access First Priority CLO Bond ETF

The AXS First Priority CLO Bond ETF (AAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income by actively selecting USD-denominated, investment-grade collateralized loan obligations, or CLO bonds, of any maturity. AAA was launched on Sep 9, 2020 and is managed by AXS Investments.