Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Sees Significant Drop in Short Interest

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 75,859 shares, a decrease of 53.0% from the May 31st total of 161,544 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 159,657 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco AAA CLO Floating Rate Note ETF

Several institutional investors and hedge funds have recently bought and sold shares of ICLO. Concurrent Investment Advisors LLC raised its position in shares of Invesco AAA CLO Floating Rate Note ETF by 95.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 87,413 shares of the company’s stock valued at $2,233,000 after buying an additional 42,674 shares in the last quarter. Elevatus Welath Management lifted its holdings in shares of Invesco AAA CLO Floating Rate Note ETF by 261.2% during the 4th quarter. Elevatus Welath Management now owns 173,450 shares of the company’s stock worth $4,432,000 after acquiring an additional 125,433 shares during the period. Meridian Financial Advisors LLC boosted its position in shares of Invesco AAA CLO Floating Rate Note ETF by 112.7% during the 4th quarter. Meridian Financial Advisors LLC now owns 44,034 shares of the company’s stock worth $1,125,000 after acquiring an additional 23,334 shares in the last quarter. Green Ridge Wealth Planning LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the 4th quarter worth approximately $2,653,000. Finally, Key Capital Management INC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the 4th quarter worth approximately $1,104,000.

Invesco AAA CLO Floating Rate Note ETF Price Performance

ICLO opened at $25.59 on Tuesday. Invesco AAA CLO Floating Rate Note ETF has a 52-week low of $25.23 and a 52-week high of $25.72. The business’s fifty day moving average is $25.58 and its 200-day moving average is $25.56.

Invesco AAA CLO Floating Rate Note ETF Company Profile

The Invesco Aaa Clo Floating Rate Note ETF (ICLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in USD-denominated floating rate CLOs that are rated AAA or equivalent. ICLO was launched on Dec 9, 2022 and is managed by Invesco.