Short Interest in Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Decreases By 58.5%

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 68,482 shares, a decrease of 58.5% from the April 30th total of 165,064 shares. Based on an average trading volume of 108,440 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC raised its stake in Invesco AAA CLO Floating Rate Note ETF by 9.9% during the first quarter. Western Wealth Management LLC now owns 38,280 shares of the company’s stock worth $977,000 after acquiring an additional 3,433 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 16.3% in the first quarter. Bank of America Corp DE now owns 97,153 shares of the company’s stock valued at $2,478,000 after buying an additional 13,616 shares in the last quarter. Ashton Thomas Securities LLC increased its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 1.9% in the first quarter. Ashton Thomas Securities LLC now owns 175,978 shares of the company’s stock valued at $4,489,000 after buying an additional 3,242 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 3.0% in the first quarter. Modern Wealth Management LLC now owns 411,985 shares of the company’s stock valued at $10,512,000 after buying an additional 12,079 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 775.6% in the first quarter. Cetera Investment Advisers now owns 412,542 shares of the company’s stock valued at $10,524,000 after buying an additional 365,424 shares in the last quarter.

Invesco AAA CLO Floating Rate Note ETF Stock Performance

Invesco AAA CLO Floating Rate Note ETF stock opened at $25.57 on Monday. The stock has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $25.56. Invesco AAA CLO Floating Rate Note ETF has a 52-week low of $25.23 and a 52-week high of $25.70.

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.