Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 104,865 shares, a decline of 56.8% from the September 30th total of 242,984 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 163,034 shares, the days-to-cover ratio is currently 0.6 days.
Invesco AAA CLO Floating Rate Note ETF Price Performance
Shares of ICLO opened at $25.57 on Friday. Invesco AAA CLO Floating Rate Note ETF has a 1 year low of $25.23 and a 1 year high of $25.72. The stock has a 50 day simple moving average of $25.60 and a 200-day simple moving average of $25.58.
Institutional Investors Weigh In On Invesco AAA CLO Floating Rate Note ETF
A number of hedge funds have recently made changes to their positions in ICLO. Flagship Harbor Advisors LLC acquired a new position in Invesco AAA CLO Floating Rate Note ETF in the third quarter valued at about $10,645,000. Cetera Investment Advisers lifted its position in shares of Invesco AAA CLO Floating Rate Note ETF by 775.6% during the first quarter. Cetera Investment Advisers now owns 412,542 shares of the company’s stock worth $10,524,000 after purchasing an additional 365,424 shares in the last quarter. Commonwealth Financial Services LLC bought a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the third quarter valued at approximately $8,875,000. San Luis Wealth Advisors LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF in the third quarter valued at approximately $7,931,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF in the third quarter valued at approximately $5,614,000.
About Invesco AAA CLO Floating Rate Note ETF
The Invesco Aaa Clo Floating Rate Note ETF (ICLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in USD-denominated floating rate CLOs that are rated AAA or equivalent. ICLO was launched on Dec 9, 2022 and is managed by Invesco.
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