Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) Sees Large Increase in Short Interest

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 19,350 shares, an increase of 27.4% from the January 29th total of 15,185 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 6,519 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 6,519 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.1% of the shares of the company are sold short.

Alternative Access First Priority CLO Bond ETF Trading Up 0.0%

Alternative Access First Priority CLO Bond ETF stock traded up $0.01 during midday trading on Wednesday, reaching $24.98. 1,142 shares of the company’s stock were exchanged, compared to its average volume of 7,946. The stock’s 50-day simple moving average is $25.01 and its 200 day simple moving average is $25.02. Alternative Access First Priority CLO Bond ETF has a 52 week low of $24.33 and a 52 week high of $25.15.

Alternative Access First Priority CLO Bond ETF Cuts Dividend

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

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.