Short Interest in Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) Declines By 66.2%

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,181 shares, a decline of 66.2% from the February 26th total of 9,414 shares. Based on an average daily volume of 5,952 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Alternative Access First Priority CLO Bond ETF Stock Up 0.0%

Shares of NYSEARCA AAA traded up $0.01 during trading hours on Thursday, reaching $24.93. The stock had a trading volume of 7,362 shares, compared to its average volume of 7,803. The business’s fifty day moving average price is $25.01 and its two-hundred day moving average price is $25.01. Alternative Access First Priority CLO Bond ETF has a 52-week low of $24.33 and a 52-week high of $25.14.

Alternative Access First Priority CLO Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0942 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th.

Alternative Access First Priority CLO Bond ETF Company Profile

The AXS First Priority CLO Bond ETF (AAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income by actively selecting USD-denominated, investment-grade collateralized loan obligations, or CLO bonds, of any maturity. AAA was launched on Sep 9, 2020 and is managed by AXS Investments.