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 target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 75,859 shares, a drop of 53.0% from the May 31st total of 161,544 shares. Based on an average daily volume of 159,657 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are short sold.

Invesco AAA CLO Floating Rate Note ETF Price Performance

ICLO stock opened at $25.58 on Wednesday. Invesco AAA CLO Floating Rate Note ETF has a 52 week low of $25.23 and a 52 week high of $25.72. The firm has a 50-day simple moving average of $25.58 and a 200-day simple moving average of $25.56.

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

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in shares of Invesco AAA CLO Floating Rate Note ETF during the first quarter valued at approximately $297,000. Jane Street Group LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF in the first quarter worth approximately $680,000. Bank of America Corp DE boosted its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 9.1% in the second quarter. Bank of America Corp DE now owns 84,142 shares of the company’s stock worth $2,151,000 after acquiring an additional 6,992 shares during the last quarter. Asset Allocation Strategies LLC purchased a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the second quarter worth approximately $1,769,000. Finally, Kingsview Wealth Management LLC increased its position in shares of Invesco AAA CLO Floating Rate Note ETF by 5.4% during the third quarter. Kingsview Wealth Management LLC now owns 349,861 shares of the company’s stock worth $8,960,000 after purchasing an additional 17,890 shares in the last quarter.

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.