BlackRock AAA CLO ETF (NASDAQ:CLOA) Short Interest Down 9.5% in March

BlackRock AAA CLO ETF (NASDAQ:CLOAGet Free Report) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 59,200 shares, a decline of 9.5% from the February 29th total of 65,400 shares. Based on an average daily trading volume, of 28,600 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On BlackRock AAA CLO ETF

A number of institutional investors have recently added to or reduced their stakes in CLOA. BlackRock Inc. acquired a new position in BlackRock AAA CLO ETF during the first quarter worth $12,125,000. Jane Street Group LLC acquired a new position in shares of BlackRock AAA CLO ETF in the first quarter valued at $227,000. Schroder Investment Management Group acquired a new position in shares of BlackRock AAA CLO ETF in the second quarter valued at $832,000. Portside Wealth Group LLC acquired a new position in shares of BlackRock AAA CLO ETF in the second quarter valued at $383,000. Finally, Wealthsource Partners LLC acquired a new position in shares of BlackRock AAA CLO ETF in the third quarter valued at $416,000.

BlackRock AAA CLO ETF Price Performance

CLOA traded up $0.01 during trading on Tuesday, reaching $51.50. 28,428 shares of the stock were exchanged, compared to its average volume of 29,902. BlackRock AAA CLO ETF has a twelve month low of $50.21 and a twelve month high of $51.79. The stock’s 50 day moving average price is $51.62 and its two-hundred day moving average price is $51.36.

BlackRock AAA CLO ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, April 2nd will be issued a dividend of $0.2833 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $3.40 dividend on an annualized basis and a yield of 6.60%.

BlackRock AAA CLO ETF Company Profile

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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.

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