Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 104,865 shares, a decline of 56.8% from the September 30th total of 242,984 shares. Based on an average daily trading volume, of 163,034 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.8% of the company’s shares are short sold.
Institutional Investors Weigh In On Invesco AAA CLO Floating Rate Note ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in Invesco AAA CLO Floating Rate Note ETF by 39.4% in the second quarter. CoreCap Advisors LLC now owns 2,723 shares of the company’s stock valued at $70,000 after buying an additional 769 shares during the period. Compass Financial Management LLC bought a new position in Invesco AAA CLO Floating Rate Note ETF during the second quarter worth about $155,000. Fifth Third Bancorp bought a new position in Invesco AAA CLO Floating Rate Note ETF during the first quarter worth about $170,000. Sowell Financial Services LLC acquired a new position in shares of Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth about $229,000. Finally, Signal Advisors Wealth LLC acquired a new position in shares of Invesco AAA CLO Floating Rate Note ETF during the 3rd quarter worth about $285,000.
Invesco AAA CLO Floating Rate Note ETF Stock Performance
Shares of BATS ICLO opened at $25.57 on Friday. The company’s 50 day simple moving average is $25.60 and its 200 day simple moving average is $25.58. 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.
Invesco AAA CLO Floating Rate Note ETF Company Profile
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.
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