AAM SLC Low Duration Income ETF (NYSEARCA:LODI – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 34,669 shares, an increase of 69.6% from the August 15th total of 20,446 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 25,700 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC bought a new stake in AAM SLC Low Duration Income ETF in the second quarter worth $1,030,000. Spartan Wealth Advisory Services LLC purchased a new stake in shares of AAM SLC Low Duration Income ETF in the first quarter worth $5,839,000. Independent Financial Group LLC bought a new position in shares of AAM SLC Low Duration Income ETF during the first quarter valued at $329,000. Private Advisor Group LLC bought a new position in shares of AAM SLC Low Duration Income ETF during the first quarter valued at $335,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of AAM SLC Low Duration Income ETF in the 1st quarter worth about $232,000.
AAM SLC Low Duration Income ETF Stock Performance
Shares of NYSEARCA LODI remained flat at $25.03 on Thursday. 10,546 shares of the company’s stock were exchanged, compared to its average volume of 14,217. AAM SLC Low Duration Income ETF has a fifty-two week low of $25.01 and a fifty-two week high of $26.57. The company has a 50 day moving average of $25.17 and a 200 day moving average of $25.22.
About AAM SLC Low Duration Income ETF
The AAM SLC Low Duration Income ETF (LODI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of income producing, USD-denominated fixed income securities. The fund may hold debt of any maturity but estimates to have an average portfolio duration of three years or less. LODI was launched on Dec 3, 2024 and is issued by Advisors Asset Management.
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