BlackRock AAA CLO ETF (NASDAQ:CLOA) Short Interest Up 16.7% in June

BlackRock AAA CLO ETF (NASDAQ:CLOA) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 99,300 shares, a growth of 16.7% from the June 15th total of 85,100 shares. Based on an average trading volume of 97,600 shares, the days-to-cover ratio is presently 1.0 days.

BlackRock AAA CLO ETF Price Performance

NASDAQ:CLOA remained flat at $51.84 on Wednesday. 7,160 shares of the company’s stock were exchanged, compared to its average volume of 63,231. The company has a 50 day moving average of $51.83 and a two-hundred day moving average of $51.68. BlackRock AAA CLO ETF has a 12-month low of $50.82 and a 12-month high of $52.02.

BlackRock AAA CLO ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a $0.2604 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $3.12 dividend on an annualized basis and a yield of 6.03%.

Institutional Investors Weigh In On BlackRock AAA CLO ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of BlackRock AAA CLO ETF by 10.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,955 shares of the company’s stock valued at $413,000 after acquiring an additional 775 shares during the period. Wealthsource Partners LLC boosted its holdings in BlackRock AAA CLO ETF by 37.1% in the 4th quarter. Wealthsource Partners LLC now owns 11,118 shares of the company’s stock valued at $570,000 after purchasing an additional 3,008 shares during the period. Transcend Capital Advisors LLC grew its position in shares of BlackRock AAA CLO ETF by 45.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 27,042 shares of the company’s stock valued at $1,405,000 after purchasing an additional 8,500 shares in the last quarter. Comerica Bank purchased a new stake in shares of BlackRock AAA CLO ETF in the first quarter worth $467,000. Finally, Adams Wealth Management boosted its stake in BlackRock AAA CLO ETF by 6.5% during the fourth quarter. Adams Wealth Management now owns 159,993 shares of the company’s stock valued at $8,201,000 after buying an additional 9,737 shares during the period.

BlackRock AAA CLO ETF Company Profile

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.