iShares AAA CLO Active ETF (NASDAQ:CLOA) Short Interest Down 47.6% in August

iShares AAA CLO Active ETF (NASDAQ:CLOA) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 123,204 shares, a drop of 47.6% from the July 30th total of 234,983 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 357,393 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of iShares AAA CLO Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new stake in shares of iShares AAA CLO Active ETF in the 1st quarter valued at about $26,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares AAA CLO Active ETF in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares AAA CLO Active ETF in the first quarter valued at approximately $45,000. Imprint Wealth LLC purchased a new position in shares of iShares AAA CLO Active ETF during the third quarter worth approximately $67,000. Finally, Trust Co. of Vermont purchased a new position in shares of iShares AAA CLO Active ETF during the second quarter worth approximately $68,000.

iShares AAA CLO Active ETF Price Performance

NASDAQ:CLOA remained flat at $51.97 during midday trading on Friday. 375,212 shares of the company traded hands, compared to its average volume of 505,188. The stock has a fifty day moving average of $51.87 and a two-hundred day moving average of $51.84. iShares AAA CLO Active ETF has a 12-month low of $51.53 and a 12-month high of $52.05.

iShares AAA CLO Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.2061 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from iShares AAA CLO Active ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 4.8%.

About iShares AAA CLO Active ETF

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.