Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Grows By 325.5%

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 86,701 shares, an increase of 325.5% from the April 30th total of 20,374 shares. Based on an average daily trading volume, of 496,025 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in iShares AAA CLO Active ETF in the first quarter valued at $26,000. Private Trust Co. NA boosted its holdings in iShares AAA CLO Active ETF by 87.7% in the fourth quarter. Private Trust Co. NA now owns 1,081 shares of the company’s stock valued at $56,000 after acquiring an additional 505 shares in the last quarter. Huntington National Bank boosted its holdings in iShares AAA CLO Active ETF by 22.5% in the fourth quarter. Huntington National Bank now owns 3,176 shares of the company’s stock valued at $164,000 after acquiring an additional 583 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in iShares AAA CLO Active ETF in the fourth quarter valued at $31,000. Finally, Beacon Financial Group boosted its holdings in iShares AAA CLO Active ETF by 3.8% in the first quarter. Beacon Financial Group now owns 18,905 shares of the company’s stock valued at $980,000 after acquiring an additional 698 shares in the last quarter.

iShares AAA CLO Active ETF Price Performance

Shares of NASDAQ CLOA remained flat at $51.99 during mid-day trading on Friday. 417,016 shares of the company traded hands, compared to its average volume of 565,773. iShares AAA CLO Active ETF has a 12 month low of $51.53 and a 12 month high of $52.05. The business’s 50-day moving average price is $51.85 and its 200 day moving average price is $51.83.

iShares AAA CLO Active ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.1971 dividend. The ex-dividend date of this dividend was Friday, May 1st.

About iShares AAA CLO Active ETF

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.