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

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

BlackRock AAA CLO ETF Stock Performance

Shares of CLOA traded up $0.05 on Friday, hitting $51.80. 39,826 shares of the stock traded hands, compared to its average volume of 55,299. The stock’s 50 day moving average is $51.64 and its two-hundred day moving average is $51.42. BlackRock AAA CLO ETF has a 1 year low of $50.31 and a 1 year high of $51.82.

BlackRock AAA CLO ETF Dividend Announcement

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

Hedge Funds Weigh In On BlackRock AAA CLO ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Toews Corp ADV purchased a new position in shares of BlackRock AAA CLO ETF during the first quarter valued at approximately $2,162,000. Adams Wealth Management lifted its stake in shares of BlackRock AAA CLO ETF by 6.5% during the fourth quarter. Adams Wealth Management now owns 159,993 shares of the company’s stock valued at $8,201,000 after buying an additional 9,737 shares during the period. Private Wealth Partners LLC purchased a new position in shares of BlackRock AAA CLO ETF during the fourth quarter valued at approximately $564,000. Pallas Capital Advisors LLC lifted its stake 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 buying an additional 11,904 shares during the period. Finally, Wealthsource Partners LLC raised its stake in BlackRock AAA CLO ETF by 37.1% during the fourth quarter. Wealthsource Partners LLC now owns 11,118 shares of the company’s stock worth $570,000 after purchasing an additional 3,008 shares during the period.

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.