iShares AAA CLO Active ETF (NASDAQ:CLOA) Stock Short Interest Rises 415.2%

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 380,300 shares, a growth of 415.2% from the September 15th total of 73,816 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 644,997 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in iShares AAA CLO Active ETF by 74.4% during the third quarter. Farther Finance Advisors LLC now owns 18,406 shares of the company’s stock worth $955,000 after buying an additional 7,850 shares in the last quarter. Cox Capital Mgt LLC grew its holdings in shares of iShares AAA CLO Active ETF by 4.5% during the 3rd quarter. Cox Capital Mgt LLC now owns 33,612 shares of the company’s stock worth $1,744,000 after purchasing an additional 1,434 shares in the last quarter. Markowski Investments bought a new stake in shares of iShares AAA CLO Active ETF during the second quarter valued at approximately $200,000. Kickstand Ventures LLC. raised its stake in shares of iShares AAA CLO Active ETF by 2.9% in the second quarter. Kickstand Ventures LLC. now owns 128,098 shares of the company’s stock valued at $6,650,000 after purchasing an additional 3,559 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of iShares AAA CLO Active ETF in the second quarter valued at $68,000.

iShares AAA CLO Active ETF Trading Up 0.1%

Shares of CLOA stock opened at $51.81 on Friday. iShares AAA CLO Active ETF has a 12 month low of $51.53 and a 12 month high of $52.05. The stock has a 50 day moving average of $51.87 and a 200-day moving average of $51.86.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.2022 per share. This represents a $2.43 annualized dividend and a yield of 4.7%. The ex-dividend date was Thursday, October 1st. This is a decrease from iShares AAA CLO Active ETF’s previous monthly dividend of $0.2132.

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.