Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) Sees Significant Decline in Short Interest

Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 18,200 shares, a decrease of 35.5% from the September 30th total of 28,200 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 70,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 70,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Nuveen AA-BBB CLO ETF

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Nuveen AA-BBB CLO ETF during the second quarter worth about $992,000. Schechter Investment Advisors LLC bought a new position in Nuveen AA-BBB CLO ETF in the first quarter worth about $1,276,000. Corrado Advisors LLC bought a new position in Nuveen AA-BBB CLO ETF during the 1st quarter worth $1,741,000. Finally, Nuveen LLC acquired a new stake in shares of Nuveen AA-BBB CLO ETF in the 1st quarter worth about $24,955,000.

Nuveen AA-BBB CLO ETF Stock Performance

Shares of NCLO opened at $25.01 on Tuesday. Nuveen AA-BBB CLO ETF has a 12-month low of $23.98 and a 12-month high of $25.27. The company has a 50-day moving average of $25.07 and a two-hundred day moving average of $25.05.

About Nuveen AA-BBB CLO ETF

The Nuveen AA-BBB CLO ETF (NCLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, seeking total return through investments in USD-denominated, investment-grade collateralized loan obligations (CLOs) of any maturity. NCLO was launched on Dec 10, 2024 and is issued by Nuveen.