iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Growth in Short Interest

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 81,217 shares, a growth of 71.6% from the June 30th total of 47,331 shares. Based on an average daily trading volume, of 395,116 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

iShares AAA CLO Active ETF Price Performance

Shares of CLOA opened at $51.99 on Friday. The company’s fifty day moving average price is $51.87 and its 200-day moving average price is $51.85. iShares AAA CLO Active ETF has a 1-year low of $51.53 and a 1-year high of $52.05.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.196 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bulwark Capital Corp boosted its position in iShares AAA CLO Active ETF by 39.4% in the second quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after buying an additional 27,872 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of iShares AAA CLO Active ETF by 36.1% in the 1st quarter. Arkadios Wealth Advisors now owns 15,664 shares of the company’s stock valued at $812,000 after acquiring an additional 4,152 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares AAA CLO Active ETF in the first quarter worth $45,000. Aureus Asset Management LLC increased its stake in shares of iShares AAA CLO Active ETF by 6.7% in the first quarter. Aureus Asset Management LLC now owns 70,834 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,431 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares AAA CLO Active ETF by 25.4% during the first quarter. PNC Financial Services Group Inc. now owns 13,731 shares of the company’s stock worth $712,000 after purchasing an additional 2,781 shares during the last quarter.

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.