Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) Short Interest Update

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 12,745 shares, a growth of 437.3% from the June 30th total of 2,372 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 8,596 shares, the days-to-cover ratio is currently 1.5 days.

Insider Buying and Selling

In related news, EVP Matthew T. Reed sold 4,600 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $46.82, for a total transaction of $215,372.00. Following the transaction, the executive vice president directly owned 71,770 shares of the company’s stock, valued at approximately $3,360,271.40. This represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alternative Access First Priority CLO Bond ETF Price Performance

Shares of Alternative Access First Priority CLO Bond ETF stock opened at $25.04 on Monday. Alternative Access First Priority CLO Bond ETF has a 52 week low of $24.67 and a 52 week high of $25.14. The stock has a 50 day moving average price of $24.97 and a two-hundred day moving average price of $24.98.

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.