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

Nuveen AA-BBB CLO ETF Price Performance

Shares of NYSEARCA NCLO traded down $0.01 during mid-day trading on Wednesday, hitting $25.02. The stock had a trading volume of 8,998 shares, compared to its average volume of 42,923. The company has a 50 day moving average of $25.03 and a two-hundred day moving average of $24.98. Nuveen AA-BBB CLO ETF has a twelve month low of $24.22 and a twelve month high of $25.36.

Institutional Investors Weigh In On Nuveen AA-BBB CLO ETF

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Nuveen AA-BBB CLO ETF in the 2nd quarter valued at $992,000. Natixis Advisors LLC boosted its holdings in Nuveen AA-BBB CLO ETF by 112.1% in the 3rd quarter. Natixis Advisors LLC now owns 93,313 shares of the company’s stock worth $2,343,000 after buying an additional 49,314 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Nuveen AA-BBB CLO ETF by 18.2% during the fourth quarter. Sanctuary Advisors LLC now owns 19,215 shares of the company’s stock worth $481,000 after purchasing an additional 2,961 shares in the last quarter. GC Wealth Management RIA LLC purchased a new stake in shares of Nuveen AA-BBB CLO ETF during the fourth quarter worth $752,000. Finally, Harbour Investments Inc. raised its holdings in Nuveen AA-BBB CLO ETF by 1,683.4% in the 4th quarter. Harbour Investments Inc. now owns 7,098 shares of the company’s stock valued at $178,000 after acquiring an additional 6,700 shares during the last quarter.

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.