BlackRock AAA CLO ETF (NASDAQ:CLOA) Sees Large Increase in Short Interest

BlackRock AAA CLO ETF (NASDAQ:CLOA) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 71,200 shares, an increase of 79.8% from the March 31st total of 39,600 shares. Based on an average trading volume of 61,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wright Fund Management LLC bought a new stake in shares of BlackRock AAA CLO ETF during the third quarter valued at approximately $354,000. Wealthsource Partners LLC bought a new position in BlackRock AAA CLO ETF in the third quarter worth approximately $416,000. Private Wealth Partners LLC bought a new position in BlackRock AAA CLO ETF in the fourth quarter worth approximately $564,000. Pallas Capital Advisors LLC raised its stake in BlackRock AAA CLO ETF by 66.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 29,781 shares of the company’s stock worth $1,527,000 after buying an additional 11,904 shares in the last quarter. Finally, Toews Corp ADV bought a new position in BlackRock AAA CLO ETF in the first quarter worth approximately $2,162,000.

BlackRock AAA CLO ETF Trading Up 0.1 %

CLOA traded up $0.05 on Friday, hitting $51.80. The company had a trading volume of 39,826 shares, compared to its average volume of 55,299. BlackRock AAA CLO ETF has a 12-month low of $50.31 and a 12-month high of $51.82. The business’s fifty day simple moving average is $51.64 and its 200 day simple moving average is $51.42.

BlackRock AAA CLO ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.2833 dividend. The ex-dividend date was Monday, April 1st. This represents a $3.40 annualized dividend and a yield of 6.56%.

BlackRock AAA CLO 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.