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 decline in short interest in July. As of July 15th, there was short interest totaling 54,136 shares, a decline of 48.2% from the June 30th total of 104,467 shares. Based on an average trading volume of 24,260 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of Nuveen AA-BBB CLO ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diversified Portfolios Inc. acquired a new position in Nuveen AA-BBB CLO ETF in the fourth quarter worth approximately $19,070,000. Natixis Advisors LLC increased its holdings in shares of Nuveen AA-BBB CLO ETF by 112.1% in the third quarter. Natixis Advisors LLC now owns 93,313 shares of the company’s stock valued at $2,343,000 after buying an additional 49,314 shares in the last quarter. Corrado Advisors LLC lifted its position in shares of Nuveen AA-BBB CLO ETF by 6.4% during the 4th quarter. Corrado Advisors LLC now owns 79,182 shares of the company’s stock valued at $1,984,000 after acquiring an additional 4,751 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Nuveen AA-BBB CLO ETF during the 2nd quarter valued at $992,000. Finally, GC Wealth Management RIA LLC bought a new stake in shares of Nuveen AA-BBB CLO ETF during the 4th quarter worth $752,000.

Nuveen AA-BBB CLO ETF Price Performance

NYSEARCA NCLO traded down $0.03 on Thursday, reaching $25.06. The company’s stock had a trading volume of 13,975 shares, compared to its average volume of 42,836. Nuveen AA-BBB CLO ETF has a twelve month low of $24.22 and a twelve month high of $25.36. The firm’s 50 day moving average is $25.03 and its two-hundred day moving average is $24.98.

Nuveen AA-BBB CLO ETF Company Profile

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.