Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 75,859 shares, a decrease of 53.0% from the May 31st total of 161,544 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 159,657 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On Invesco AAA CLO Floating Rate Note ETF
Hedge funds have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. acquired a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 4th quarter valued at $85,000. Comerica Bank grew its position in shares of Invesco AAA CLO Floating Rate Note ETF by 1,019.9% in the 3rd quarter. Comerica Bank now owns 5,129 shares of the company’s stock valued at $131,000 after buying an additional 4,671 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Invesco AAA CLO Floating Rate Note ETF during the 1st quarter worth $170,000. Merit Financial Group LLC acquired a new stake in Invesco AAA CLO Floating Rate Note ETF during the 4th quarter worth $205,000. Finally, FSA Advisors Inc. purchased a new stake in Invesco AAA CLO Floating Rate Note ETF in the fourth quarter valued at $212,000.
Invesco AAA CLO Floating Rate Note ETF Price Performance
Shares of BATS ICLO opened at $25.58 on Thursday. Invesco AAA CLO Floating Rate Note ETF has a fifty-two week low of $25.23 and a fifty-two week high of $25.72. The stock’s 50-day simple moving average is $25.58 and its 200-day simple moving average is $25.56.
Invesco AAA CLO Floating Rate Note ETF Company Profile
The Invesco Aaa Clo Floating Rate Note ETF (ICLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in USD-denominated floating rate CLOs that are rated AAA or equivalent. ICLO was launched on Dec 9, 2022 and is managed by Invesco.
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