iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Growth in Short Interest

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 380,300 shares, an increase of 415.2% from the September 15th total of 73,816 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 644,997 shares, the short-interest ratio is presently 0.6 days.

iShares AAA CLO Active ETF Price Performance

Shares of iShares AAA CLO Active ETF stock traded up $0.03 during trading hours on Friday, hitting $51.81. 463,458 shares of the company were exchanged, compared to its average volume of 559,681. The business has a 50-day moving average of $51.87 and a 200-day moving average of $51.86. iShares AAA CLO Active ETF has a 1 year low of $51.53 and a 1 year high of $52.05.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.2022 per share. This is a decrease from iShares AAA CLO Active ETF’s previous monthly dividend of $0.2132. This represents a $2.43 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new position in iShares AAA CLO Active ETF during the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC purchased a new position in shares of iShares AAA CLO Active ETF during the 1st quarter worth approximately $45,000. Trust Co. of Vermont purchased a new position in shares of iShares AAA CLO Active ETF during the 2nd quarter worth approximately $68,000. Markowski Investments acquired a new stake in shares of iShares AAA CLO Active ETF in the 2nd quarter valued at approximately $200,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of iShares AAA CLO Active ETF in the 1st quarter valued at approximately $307,000.

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.