Short Interest in BlackRock AAA CLO ETF (NASDAQ:CLOA) Expands By 41.2%

BlackRock AAA CLO ETF (NASDAQ:CLOA) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 92,500 shares, an increase of 41.2% from the May 15th total of 65,500 shares. Based on an average daily trading volume, of 85,100 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On BlackRock AAA CLO ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Adams Wealth Management raised its stake in BlackRock AAA CLO ETF by 19.2% in the first quarter. Adams Wealth Management now owns 190,638 shares of the company’s stock worth $9,862,000 after buying an additional 30,645 shares in the last quarter. Comerica Bank purchased a new position in shares of BlackRock AAA CLO ETF during the 1st quarter worth approximately $467,000. Toews Corp ADV bought a new position in shares of BlackRock AAA CLO ETF in the 1st quarter worth approximately $2,162,000. Private Wealth Partners LLC purchased a new position in shares of BlackRock AAA CLO ETF in the 4th quarter valued at approximately $564,000. Finally, Pallas Capital Advisors LLC boosted its position in shares of BlackRock AAA CLO ETF by 66.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 29,781 shares of the company’s stock valued at $1,527,000 after purchasing an additional 11,904 shares in the last quarter.

BlackRock AAA CLO ETF Price Performance

Shares of CLOA traded up $0.03 during mid-day trading on Friday, hitting $51.81. 40,377 shares of the company’s stock traded hands, compared to its average volume of 60,349. The business’s 50-day moving average price is $51.77 and its 200-day moving average price is $51.58. BlackRock AAA CLO ETF has a 1 year low of $50.66 and a 1 year high of $52.02.

BlackRock AAA CLO ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a $0.2723 dividend. The ex-dividend date was Monday, June 3rd. This represents a $3.27 annualized dividend and a yield of 6.31%.

About BlackRock AAA CLO 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.