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

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 136,673 shares, an increase of 76.4% from the June 30th total of 77,471 shares. Based on an average trading volume of 92,019 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the shares of the company are short sold.

Invesco AAA CLO Floating Rate Note ETF Price Performance

BATS ICLO opened at $25.58 on Thursday. 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 moving average price of $25.59 and a 200 day moving average price of $25.57.

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

A number of large investors have recently modified their holdings of ICLO. Green Ridge Wealth Planning LLC lifted its holdings in shares of Invesco AAA CLO Floating Rate Note ETF by 14.4% in the 2nd quarter. Green Ridge Wealth Planning LLC now owns 116,330 shares of the company’s stock valued at $2,976,000 after buying an additional 14,656 shares during the period. CoreCap Advisors LLC grew its holdings in Invesco AAA CLO Floating Rate Note ETF by 39.4% during the second quarter. CoreCap Advisors LLC now owns 2,723 shares of the company’s stock worth $70,000 after acquiring an additional 769 shares during the period. Western Wealth Management LLC raised its position in Invesco AAA CLO Floating Rate Note ETF by 9.9% in the first quarter. Western Wealth Management LLC now owns 38,280 shares of the company’s stock worth $977,000 after acquiring an additional 3,433 shares in the last quarter. Bank of America Corp DE raised its position in Invesco AAA CLO Floating Rate Note ETF by 16.3% in the first quarter. Bank of America Corp DE now owns 97,153 shares of the company’s stock worth $2,478,000 after acquiring an additional 13,616 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its holdings in Invesco AAA CLO Floating Rate Note ETF by 1.9% in the first quarter. Ashton Thomas Securities LLC now owns 175,978 shares of the company’s stock valued at $4,489,000 after acquiring an additional 3,242 shares during the period.

About Invesco AAA CLO Floating Rate Note ETF

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.