Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Drops By 47.6%

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 123,204 shares, a decrease of 47.6% from the July 30th total of 234,983 shares. Based on an average daily trading volume, of 357,393 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in iShares AAA CLO Active ETF by 708.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,145,717 shares of the company’s stock valued at $59,285,000 after purchasing an additional 1,003,933 shares during the period. Landing Point Financial Group LLC boosted its stake in shares of iShares AAA CLO Active ETF by 6.0% during the fourth quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock valued at $14,021,000 after purchasing an additional 15,235 shares in the last quarter. Kickstand Ventures LLC. boosted its stake in shares of iShares AAA CLO Active ETF by 2.9% during the second quarter. Kickstand Ventures LLC. now owns 128,098 shares of the company’s stock valued at $6,650,000 after purchasing an additional 3,559 shares in the last quarter. Captrust Financial Advisors increased its holdings in iShares AAA CLO Active ETF by 396.6% during the fourth quarter. Captrust Financial Advisors now owns 105,230 shares of the company’s stock valued at $5,445,000 after buying an additional 84,040 shares during the period. Finally, Bulwark Capital Corp increased its holdings in iShares AAA CLO Active ETF by 39.4% during the second quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after buying an additional 27,872 shares during the period.

iShares AAA CLO Active ETF Price Performance

Shares of CLOA traded up $0.01 during midday trading on Monday, reaching $51.98. 418,260 shares of the stock were exchanged, compared to its average volume of 504,569. iShares AAA CLO Active ETF has a 52 week low of $51.53 and a 52 week high of $52.05. The company’s 50 day moving average is $51.87 and its two-hundred day moving average is $51.84.

iShares AAA CLO Active ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.2061 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is a boost from iShares AAA CLO Active ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 3rd.

About iShares AAA CLO Active ETF

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.