iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Significant Decline in Short Interest

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 104,600 shares, a drop of 78.5% from the August 31st total of 485,400 shares. Based on an average trading volume of 390,800 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 390,800 shares, the short-interest ratio is currently 0.3 days.

iShares AAA CLO Active ETF Stock Performance

NASDAQ CLOA opened at $51.96 on Wednesday. The company has a 50-day simple moving average of $51.87 and a two-hundred day simple moving average of $51.75. iShares AAA CLO Active ETF has a 12-month low of $50.61 and a 12-month high of $52.12.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be paid a $0.2202 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st.

Institutional Trading of iShares AAA CLO Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its holdings in shares of iShares AAA CLO Active ETF by 51.7% in the second quarter. First Horizon Advisors Inc. now owns 581 shares of the company’s stock worth $30,000 after purchasing an additional 198 shares during the last quarter. NBC Securities Inc. increased its position in shares of iShares AAA CLO Active ETF by 143,000.0% in the first quarter. NBC Securities Inc. now owns 1,431 shares of the company’s stock valued at $74,000 after acquiring an additional 1,430 shares during the period. Huntington National Bank raised its stake in shares of iShares AAA CLO Active ETF by 30.5% during the second quarter. Huntington National Bank now owns 2,593 shares of the company’s stock valued at $135,000 after acquiring an additional 606 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of iShares AAA CLO Active ETF during the first quarter worth about $297,000. Finally, Bulwark Capital Corp bought a new stake in shares of iShares AAA CLO Active ETF in the second quarter worth about $524,000.

iShares AAA CLO Active ETF Company Profile

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.