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

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAAGet Free Report) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 9,414 shares, a drop of 51.3% from the February 12th total of 19,350 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 8,383 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 8,383 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the company’s stock are short sold.

Alternative Access First Priority CLO Bond ETF Stock Performance

AAA stock remained flat at $25.00 during midday trading on Thursday. 943 shares of the company’s stock were exchanged, compared to its average volume of 7,353. Alternative Access First Priority CLO Bond ETF has a 12 month low of $24.33 and a 12 month high of $25.14. The company’s fifty day moving average price is $25.01 and its 200-day moving average price is $25.02.

Alternative Access First Priority CLO Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.0942 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th.

Alternative Access First Priority CLO Bond ETF Company Profile

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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.

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