Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 54,136 shares, a decline of 48.2% from the June 30th total of 104,467 shares. Currently, 1.0% of the shares of the stock 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 Trading Down 0.1%
NCLO opened at $25.06 on Friday. Nuveen AA-BBB CLO ETF has a one year low of $24.22 and a one year high of $25.36. The business’s fifty day moving average is $25.03 and its two-hundred day moving average is $24.98.
Institutional Investors Weigh In On Nuveen AA-BBB CLO ETF
Several institutional investors and hedge funds have recently made changes to their positions in NCLO. Harbour Investments Inc. increased its stake in shares of Nuveen AA-BBB CLO ETF by 1,683.4% during the 4th quarter. Harbour Investments Inc. now owns 7,098 shares of the company’s stock worth $178,000 after purchasing an additional 6,700 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in Nuveen AA-BBB CLO ETF during the fourth quarter worth $218,000. Royal Bank of Canada purchased a new position in Nuveen AA-BBB CLO ETF during the first quarter worth $297,000. Sunbelt Securities Inc. acquired a new position in shares of Nuveen AA-BBB CLO ETF in the fourth quarter worth $440,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Nuveen AA-BBB CLO ETF by 18.2% in the fourth quarter. Sanctuary Advisors LLC now owns 19,215 shares of the company’s stock worth $481,000 after acquiring an additional 2,961 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.
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