Short Interest in iShares AAA CLO Active ETF (NASDAQ:CLOA) Expands By 106.3%
by Jessica Moore · The Cerbat GemiShares AAA CLO Active ETF (NASDAQ:CLOA – Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 734,115 shares, a growth of 106.3% from the March 15th total of 355,810 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 1,493,192 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On iShares AAA CLO Active ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLOA. JPMorgan Chase & Co. grew its position in iShares AAA CLO Active ETF by 708.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,145,717 shares of the company’s stock worth $59,285,000 after purchasing an additional 1,003,933 shares during the period. Captrust Financial Advisors grew its position in iShares AAA CLO Active ETF by 396.6% during the 4th quarter. Captrust Financial Advisors now owns 105,230 shares of the company’s stock worth $5,445,000 after purchasing an additional 84,040 shares during the period. United Capital Financial Advisors LLC acquired a new stake in iShares AAA CLO Active ETF during the 3rd quarter worth about $2,543,000. Bulwark Capital Corp grew its position in iShares AAA CLO Active ETF by 92.3% during the 4th quarter. Bulwark Capital Corp now owns 45,373 shares of the company’s stock worth $2,348,000 after purchasing an additional 21,782 shares during the period. Finally, Landing Point Financial Group LLC grew its position in iShares AAA CLO Active ETF by 6.0% during the 4th quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock worth $14,021,000 after purchasing an additional 15,235 shares during the period.
iShares AAA CLO Active ETF Stock Up 0.0%
Shares of CLOA opened at $51.75 on Tuesday. The business’s 50-day moving average is $51.78 and its two-hundred day moving average is $51.81. iShares AAA CLO Active ETF has a fifty-two week low of $51.06 and a fifty-two week high of $52.05.
iShares AAA CLO Active ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.1884 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from iShares AAA CLO Active ETF’s previous monthly dividend of $0.19.
iShares AAA CLO Active ETF Company Profile
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.