Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Drops By 66.6%

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 44,920 shares, a decrease of 66.6% from the May 31st total of 134,645 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 408,994 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CLOA. Cornerstone Planning Group LLC purchased a new stake in shares of iShares AAA CLO Active ETF during the 1st quarter worth about $26,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares AAA CLO Active ETF during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC bought a new stake in shares of iShares AAA CLO Active ETF in the 1st quarter valued at approximately $45,000. Private Trust Co. NA grew its stake in shares of iShares AAA CLO Active ETF by 87.7% in the 4th quarter. Private Trust Co. NA now owns 1,081 shares of the company’s stock valued at $56,000 after buying an additional 505 shares in the last quarter. Finally, Imprint Wealth LLC acquired a new position in iShares AAA CLO Active ETF in the third quarter worth approximately $67,000.

iShares AAA CLO Active ETF Price Performance

Shares of NASDAQ:CLOA remained flat at $51.93 during trading on Tuesday. 1,022,332 shares of the company’s stock were exchanged, compared to its average volume of 533,674. The company has a fifty day simple moving average of $51.89 and a two-hundred day simple moving average of $51.84. iShares AAA CLO Active ETF has a 52 week low of $51.53 and a 52 week high of $52.05.

iShares AAA CLO Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.2046 per share. This is a positive change from iShares AAA CLO Active ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, June 1st.

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.