Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 104,912 shares, a growth of 73.3% from the August 31st total of 60,539 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 29,615 shares, the short-interest ratio is presently 3.5 days.
Nuveen AA-BBB CLO ETF Stock Performance
Shares of NYSEARCA NCLO opened at $25.01 on Friday. Nuveen AA-BBB CLO ETF has a 1 year low of $24.22 and a 1 year high of $25.36. The firm’s 50 day moving average price is $25.06 and its 200 day moving average price is $25.01.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in shares of Nuveen AA-BBB CLO ETF by 16.9% in the first quarter. Sunbelt Securities Inc. now owns 20,542 shares of the company’s stock valued at $512,000 after purchasing an additional 2,969 shares during the period. Royal Bank of Canada acquired a new stake in Nuveen AA-BBB CLO ETF in the 1st quarter worth about $297,000. Closed End Fund Advisors Inc. acquired a new stake in Nuveen AA-BBB CLO ETF in the 4th quarter worth about $218,000. Harbour Investments Inc. boosted 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 buying an additional 6,700 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Nuveen AA-BBB CLO ETF in the 2nd quarter valued at about $112,000.
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.
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