Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Sees Significant Growth in Short Interest

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 136,673 shares, an increase of 76.4% from the June 30th total of 77,471 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 92,019 shares, the days-to-cover ratio is currently 1.5 days.

Invesco AAA CLO Floating Rate Note ETF Trading Up 0.1%

Shares of ICLO opened at $25.58 on Thursday. Invesco AAA CLO Floating Rate Note ETF has a fifty-two week low of $25.23 and a fifty-two week high of $25.72. The firm has a 50-day simple moving average of $25.59 and a 200-day simple moving average of $25.57.

Institutional Trading of Invesco AAA CLO Floating Rate Note ETF

A number of hedge funds have recently added to or reduced their stakes in ICLO. Green Ridge Wealth Planning LLC grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 14.4% in the 2nd quarter. Green Ridge Wealth Planning LLC now owns 116,330 shares of the company’s stock valued at $2,976,000 after purchasing an additional 14,656 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 39.4% during the second quarter. CoreCap Advisors LLC now owns 2,723 shares of the company’s stock worth $70,000 after purchasing an additional 769 shares during the last quarter. Western Wealth Management LLC lifted its holdings in shares of Invesco AAA CLO Floating Rate Note ETF by 9.9% during the first quarter. Western Wealth Management LLC now owns 38,280 shares of the company’s stock worth $977,000 after purchasing an additional 3,433 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco AAA CLO Floating Rate Note ETF by 16.3% during the first quarter. Bank of America Corp DE now owns 97,153 shares of the company’s stock worth $2,478,000 after purchasing an additional 13,616 shares during the period. Finally, Ashton Thomas Securities LLC grew its position in Invesco AAA CLO Floating Rate Note ETF by 1.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 175,978 shares of the company’s stock valued at $4,489,000 after buying an additional 3,242 shares during the last quarter.

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.