Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) Sees Large Increase in Short Interest

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 45,291 shares, a growth of 477.5% from the August 15th total of 7,843 shares. Based on an average daily trading volume, of 11,315 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.5% of the shares of the stock are short sold.

Alternative Access First Priority CLO Bond ETF Price Performance

NYSEARCA:AAA traded down $0.14 during mid-day trading on Friday, reaching $24.85. 13,976 shares of the stock were exchanged, compared to its average volume of 13,919. The business has a fifty day moving average price of $24.97 and a 200 day moving average price of $24.97. Alternative Access First Priority CLO Bond ETF has a 1-year low of $24.67 and a 1-year high of $25.18.

About Alternative Access First Priority CLO Bond ETF

The AXS First Priority CLO Bond ETF (AAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income by actively selecting USD-denominated, investment-grade collateralized loan obligations, or CLO bonds, of any maturity. AAA was launched on Sep 9, 2020 and is managed by AXS Investments.