Short Interest in BlackRock AAA CLO ETF (NASDAQ:CLOA) Grows By 41.2%

BlackRock AAA CLO ETF (NASDAQ:CLOA) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 92,500 shares, an increase of 41.2% from the May 15th total of 65,500 shares. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On BlackRock AAA CLO ETF

Several institutional investors have recently bought and sold shares of the business. Wright Fund Management LLC bought a new stake in shares of BlackRock AAA CLO ETF in the 3rd quarter worth about $354,000. Wealthsource Partners LLC bought a new stake in BlackRock AAA CLO ETF during the third quarter worth approximately $416,000. Comerica Bank purchased a new stake in BlackRock AAA CLO ETF during the first quarter valued at approximately $467,000. Private Wealth Partners LLC purchased a new stake in BlackRock AAA CLO ETF during the fourth quarter valued at approximately $564,000. Finally, Pallas Capital Advisors LLC lifted its stake in shares of BlackRock AAA CLO ETF by 66.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 29,781 shares of the company’s stock valued at $1,527,000 after purchasing an additional 11,904 shares during the last quarter.

BlackRock AAA CLO ETF Stock Up 0.1 %

Shares of CLOA traded up $0.03 during mid-day trading on Friday, hitting $51.81. 40,377 shares of the stock were exchanged, compared to its average volume of 60,349. BlackRock AAA CLO ETF has a 52-week low of $50.66 and a 52-week high of $52.02. The firm has a 50-day moving average of $51.77 and a two-hundred day moving average of $51.58.

BlackRock AAA CLO ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.2723 per share. This represents a $3.27 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date was Monday, June 3rd.

About BlackRock AAA CLO 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.