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

Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 54,136 shares, a decrease of 48.2% from the June 30th total of 104,467 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 24,260 shares, the short-interest ratio is presently 2.2 days.

Nuveen AA-BBB CLO ETF Price Performance

NYSEARCA:NCLO traded down $0.01 on Wednesday, reaching $25.02. 8,998 shares of the company’s stock traded hands, compared to its average volume of 42,923. The stock has a 50-day simple moving average of $25.03 and a 200-day simple moving average of $24.98. Nuveen AA-BBB CLO ETF has a 12 month low of $24.22 and a 12 month high of $25.36.

Institutional Investors Weigh In On Nuveen AA-BBB CLO ETF

Several large investors have recently made changes to their positions in the company. Harbour Investments Inc. increased its stake in Nuveen AA-BBB CLO ETF by 1,683.4% in the 4th quarter. Harbour Investments Inc. now owns 7,098 shares of the company’s stock worth $178,000 after acquiring an additional 6,700 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Nuveen AA-BBB CLO ETF during the fourth quarter worth $218,000. Royal Bank of Canada purchased a new stake in Nuveen AA-BBB CLO ETF in the 1st quarter valued at about $297,000. Sunbelt Securities Inc. purchased a new stake in shares of Nuveen AA-BBB CLO ETF in the fourth quarter valued at approximately $440,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Nuveen AA-BBB CLO ETF by 18.2% in the 4th quarter. Sanctuary Advisors LLC now owns 19,215 shares of the company’s stock worth $481,000 after buying an additional 2,961 shares during the period.

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.