iShares AAA CLO Active ETF (NASDAQ:CLOA) Short Interest Down 51.1% in March

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 161,800 shares, a drop of 51.1% from the February 28th total of 331,200 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 248,000 shares, the days-to-cover ratio is presently 0.7 days.

iShares AAA CLO Active ETF Stock Performance

NASDAQ CLOA traded up $0.04 during trading on Friday, hitting $51.75. 167,537 shares of the company’s stock traded hands, compared to its average volume of 145,777. The stock has a fifty day moving average of $51.84 and a two-hundred day moving average of $51.83. iShares AAA CLO Active ETF has a 12-month low of $51.47 and a 12-month high of $52.12.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.2195 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in iShares AAA CLO Active ETF by 152.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 137,819 shares of the company’s stock worth $7,162,000 after purchasing an additional 83,204 shares in the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of iShares AAA CLO Active ETF by 13.0% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 83,782 shares of the company’s stock valued at $4,349,000 after buying an additional 9,659 shares during the period. Aureus Asset Management LLC increased its position in shares of iShares AAA CLO Active ETF by 482.9% during the third quarter. Aureus Asset Management LLC now owns 48,502 shares of the company’s stock valued at $2,521,000 after buying an additional 40,181 shares during the period. Cary Street Partners Financial LLC bought a new position in iShares AAA CLO Active ETF in the fourth quarter worth about $1,631,000. Finally, IFP Advisors Inc lifted its holdings in iShares AAA CLO Active ETF by 1.3% in the fourth quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock worth $770,000 after buying an additional 194 shares during the period.

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.