Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Sees Significant Growth in Short Interest

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 161,544 shares, a growth of 135.9% from the May 14th total of 68,482 shares. Based on an average daily trading volume, of 84,436 shares, the short-interest ratio is currently 1.9 days. Currently, 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco AAA CLO Floating Rate Note ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 38.4% in the 4th quarter. LPL Financial LLC now owns 3,384,749 shares of the company’s stock worth $86,480,000 after buying an additional 939,632 shares in the last quarter. Invesco Ltd. grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 68.4% in the 4th quarter. Invesco Ltd. now owns 1,609,096 shares of the company’s stock worth $41,112,000 after buying an additional 653,326 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 4.7% in the 4th quarter. AE Wealth Management LLC now owns 990,873 shares of the company’s stock worth $25,317,000 after buying an additional 44,857 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 775.6% in the 1st quarter. Cetera Investment Advisers now owns 412,542 shares of the company’s stock worth $10,524,000 after buying an additional 365,424 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake in shares of Invesco AAA CLO Floating Rate Note ETF by 3.0% in the 1st quarter. Modern Wealth Management LLC now owns 411,985 shares of the company’s stock worth $10,512,000 after buying an additional 12,079 shares in the last quarter.

Invesco AAA CLO Floating Rate Note ETF Price Performance

Shares of BATS:ICLO opened at $25.64 on Friday. Invesco AAA CLO Floating Rate Note ETF has a 52 week low of $25.23 and a 52 week high of $25.70. The firm has a fifty day simple moving average of $25.56 and a two-hundred day simple moving average of $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.