Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO – Get Free Report) saw a large growth in short interest in 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. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 29,615 shares, the short-interest ratio is presently 3.5 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Nuveen AA-BBB CLO ETF in the 2nd quarter valued at approximately $112,000. Sunbelt Securities Inc. grew its stake in shares of Nuveen AA-BBB CLO ETF by 16.9% during the first quarter. Sunbelt Securities Inc. now owns 20,542 shares of the company’s stock worth $512,000 after purchasing an additional 2,969 shares in the last quarter. Royal Bank of Canada purchased a new position in Nuveen AA-BBB CLO ETF in the first quarter valued at $297,000. Closed End Fund Advisors Inc. acquired a new stake in Nuveen AA-BBB CLO ETF in the fourth quarter valued at $218,000. Finally, Harbour Investments Inc. lifted its holdings in 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 buying an additional 6,700 shares during the last quarter.
Nuveen AA-BBB CLO ETF Stock Performance
Shares of Nuveen AA-BBB CLO ETF stock traded down $0.04 on Thursday, reaching $25.01. 34,436 shares of the company were exchanged, compared to its average volume of 44,126. Nuveen AA-BBB CLO ETF has a 1-year low of $24.22 and a 1-year high of $25.36. The stock’s 50 day moving average price is $25.06 and its 200-day moving average price is $25.00.
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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