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

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 165,064 shares, an increase of 500.2% from the April 15th total of 27,503 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 104,939 shares, the short-interest ratio is currently 1.6 days.

Invesco AAA CLO Floating Rate Note ETF Stock Up 0.0%

Shares of ICLO stock opened at $25.62 on Thursday. The firm’s 50-day moving average is $25.53 and its two-hundred day moving average is $25.56. Invesco AAA CLO Floating Rate Note ETF has a 12 month low of $25.23 and a 12 month high of $25.70.

Hedge Funds Weigh In On Invesco AAA CLO Floating Rate Note ETF

A number of institutional investors have recently bought and sold shares of ICLO. NewEdge Advisors LLC purchased a new position in Invesco AAA CLO Floating Rate Note ETF during the first quarter worth about $297,000. Jane Street Group LLC purchased a new position in Invesco AAA CLO Floating Rate Note ETF during the first quarter worth about $680,000. Bank of America Corp DE raised its stake in Invesco AAA CLO Floating Rate Note ETF by 9.1% during the second quarter. Bank of America Corp DE now owns 84,142 shares of the company’s stock worth $2,151,000 after purchasing an additional 6,992 shares during the period. Asset Allocation Strategies LLC purchased a new position in Invesco AAA CLO Floating Rate Note ETF during the second quarter worth about $1,769,000. Finally, FLP Wealth Management LLC purchased a new position in Invesco AAA CLO Floating Rate Note ETF during the third quarter worth about $255,000.

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.