Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Short Interest Up 135.9% in May

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 161,544 shares, an increase 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. Approximately 1.3% of the company’s stock are sold short.

Invesco AAA CLO Floating Rate Note ETF Stock Performance

Shares of ICLO stock opened at $25.64 on Monday. Invesco AAA CLO Floating Rate Note ETF has a 12 month low of $25.23 and a 12 month high of $25.70. The company’s fifty day moving average price is $25.56 and its 200-day moving average price is $25.56.

Institutional Trading of Invesco AAA CLO Floating Rate Note ETF

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 1st quarter worth about $297,000. Jane Street Group LLC purchased a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 1st quarter worth about $680,000. Bank of America Corp DE raised its position in shares of Invesco AAA CLO Floating Rate Note ETF by 9.1% in the 2nd quarter. Bank of America Corp DE now owns 84,142 shares of the company’s stock worth $2,151,000 after purchasing an additional 6,992 shares during the last quarter. Asset Allocation Strategies LLC purchased a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 2nd quarter worth about $1,769,000. Finally, Truist Financial Corp raised its position in shares of Invesco AAA CLO Floating Rate Note ETF by 41.3% in the 3rd quarter. Truist Financial Corp now owns 20,496 shares of the company’s stock worth $525,000 after purchasing an additional 5,990 shares during the last quarter.

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.