Short Interest in Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) Increases By 163.7%

Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 37,058 shares, a growth of 163.7% from the April 30th total of 14,051 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 15,907 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NCLO. Harbour Investments Inc. increased its position in shares of Nuveen AA-BBB CLO ETF by 1,683.4% during the 4th quarter. Harbour Investments Inc. now owns 7,098 shares of the company’s stock worth $178,000 after purchasing an additional 6,700 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of Nuveen AA-BBB CLO ETF during the fourth quarter worth approximately $218,000. Royal Bank of Canada bought a new position in shares of Nuveen AA-BBB CLO ETF in the first quarter valued at approximately $297,000. Trajan Wealth LLC bought a new position in shares of Nuveen AA-BBB CLO ETF in the third quarter valued at approximately $338,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Nuveen AA-BBB CLO ETF in the 4th quarter worth approximately $440,000.

Nuveen AA-BBB CLO ETF Stock Down 0.5%

NCLO stock traded down $0.13 on Friday, hitting $25.06. 22,185 shares of the company’s stock traded hands, compared to its average volume of 39,385. Nuveen AA-BBB CLO ETF has a 1-year low of $24.22 and a 1-year high of $25.27. The stock has a fifty day moving average of $24.96 and a 200-day moving average of $24.99.

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.