Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Short Interest Up 223.2% in August

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 242,485 shares, a growth of 223.2% from the July 30th total of 75,028 shares. Based on an average daily volume of 115,826 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.0% of the shares of the stock are short sold.

Invesco AAA CLO Floating Rate Note ETF Price Performance

Shares of Invesco AAA CLO Floating Rate Note ETF stock opened at $25.58 on Friday. The firm has a 50 day simple moving average of $25.60 and a 200 day simple moving average of $25.57. 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.

Institutional Investors Weigh In On Invesco AAA CLO Floating Rate Note ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC raised its position 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 acquiring an additional 769 shares during the last quarter. Comerica Bank lifted its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 1,019.9% during the third quarter. Comerica Bank now owns 5,129 shares of the company’s stock valued at $131,000 after acquiring an additional 4,671 shares during the period. Compass Financial Management LLC bought a new position in Invesco AAA CLO Floating Rate Note ETF in the second quarter valued at about $155,000. Fifth Third Bancorp bought a new position in Invesco AAA CLO Floating Rate Note ETF in the first quarter valued at about $170,000. Finally, Merit Financial Group LLC acquired a new stake in Invesco AAA CLO Floating Rate Note ETF in the fourth quarter worth about $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.