Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 75,028 shares, a drop of 45.1% from the July 15th total of 136,673 shares. Based on an average daily volume of 133,636 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its stake in Invesco AAA CLO Floating Rate Note ETF by 39.4% during the second quarter. CoreCap Advisors LLC now owns 2,723 shares of the company’s stock worth $70,000 after acquiring an additional 769 shares during the last quarter. Comerica Bank lifted its stake 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 purchasing an additional 4,671 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 2nd quarter worth approximately $155,000. Fifth Third Bancorp purchased a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 1st quarter worth approximately $170,000. Finally, Merit Financial Group LLC bought a new position in shares of Invesco AAA CLO Floating Rate Note ETF during the 4th quarter valued at approximately $205,000.
Invesco AAA CLO Floating Rate Note ETF Price Performance
Shares of BATS:ICLO opened at $25.64 on Tuesday. Invesco AAA CLO Floating Rate Note ETF has a 52 week low of $25.23 and a 52 week high of $25.72. The firm has a fifty day simple moving average of $25.60 and a two-hundred day simple moving average of $25.57.
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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