Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) Sees Large Decline in Short Interest

Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 51,910 shares, a decrease of 38.9% from the September 30th total of 84,960 shares. Based on an average trading volume of 311,492 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the company’s stock are short sold.

Nuveen AA-BBB CLO ETF Price Performance

Shares of Nuveen AA-BBB CLO ETF stock traded up $0.02 on Tuesday, hitting $24.94. The company’s stock had a trading volume of 57,447 shares, compared to its average volume of 59,315. The firm has a fifty day moving average price of $25.05 and a 200-day moving average price of $25.00. Nuveen AA-BBB CLO ETF has a 1 year low of $24.22 and a 1 year high of $25.36.

Institutional Trading of Nuveen AA-BBB CLO ETF

A number of large investors have recently made changes to their positions in NCLO. Elevated Financial Group LLC purchased a new position in shares of Nuveen AA-BBB CLO ETF during the third quarter worth about $7,216,000. Hidden Cove Wealth Management LLC bought a new position in shares of Nuveen AA-BBB CLO ETF in the third quarter valued at approximately $1,376,000. TSG Advice Partners LLC acquired a new position in shares of Nuveen AA-BBB CLO ETF in the 3rd quarter valued at $614,000. Sunbelt Securities Inc. grew its holdings in shares of Nuveen AA-BBB CLO ETF by 16.9% during the 1st quarter. Sunbelt Securities Inc. now owns 20,542 shares of the company’s stock valued at $512,000 after acquiring an additional 2,969 shares in the last quarter. Finally, Victory Financial Group LLC boosted its position in Nuveen AA-BBB CLO ETF by 124.2% during the third quarter. Victory Financial Group LLC now owns 20,121 shares of the company’s stock worth $504,000 after purchasing an additional 11,145 shares during the period.

About Nuveen AA-BBB CLO ETF

The Nuveen AA-BBB CLO ETF (NCLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, seeking total return through investments in USD-denominated, investment-grade collateralized loan obligations (CLOs) of any maturity. NCLO was launched on Dec 10, 2024 and is issued by Nuveen.