Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Short Interest Update

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 165,064 shares, a growth of 500.2% from the April 15th total of 27,503 shares. Based on an average daily trading volume, of 104,939 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.3% of the shares of the stock are sold short.

Invesco AAA CLO Floating Rate Note ETF Trading Up 0.0%

ICLO traded up $0.01 during trading hours on Wednesday, hitting $25.62. The company’s stock had a trading volume of 49,121 shares, compared to its average volume of 161,300. The business’s 50-day moving average price is $25.53 and its 200-day moving average price is $25.56. Invesco AAA CLO Floating Rate Note ETF has a 12 month low of $25.23 and a 12 month high of $25.70.

Hedge Funds Weigh In On Invesco AAA CLO Floating Rate Note ETF

Several hedge funds have recently modified their holdings of ICLO. Raleigh Capital Management Inc. acquired a new position in Invesco AAA CLO Floating Rate Note ETF in the 4th quarter worth approximately $85,000. Comerica Bank grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 1,019.9% during the 3rd quarter. Comerica Bank now owns 5,129 shares of the company’s stock worth $131,000 after purchasing an additional 4,671 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth approximately $139,000. Fifth Third Bancorp acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the 1st quarter worth approximately $170,000. Finally, Merit Financial Group LLC purchased a new position in shares of Invesco AAA CLO Floating Rate Note ETF during the 4th quarter valued at approximately $205,000.

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.