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

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 75,028 shares, a decrease of 45.1% from the July 15th total of 136,673 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 133,636 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Invesco AAA CLO Floating Rate Note ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ICLO. NewEdge Advisors LLC acquired a new position in Invesco AAA CLO Floating Rate Note ETF during the 1st quarter valued at approximately $297,000. Jane Street Group LLC acquired a new stake in Invesco AAA CLO Floating Rate Note ETF in the first quarter worth $680,000. Bank of America Corp DE lifted its stake in Invesco AAA CLO Floating Rate Note ETF by 9.1% in the second quarter. Bank of America Corp DE now owns 84,142 shares of the company’s stock valued at $2,151,000 after buying an additional 6,992 shares during the last quarter. Asset Allocation Strategies LLC bought a new stake in Invesco AAA CLO Floating Rate Note ETF in the second quarter valued at $1,769,000. Finally, Invesco Ltd. boosted its holdings in shares of Invesco AAA CLO Floating Rate Note ETF by 247.3% during the third quarter. Invesco Ltd. now owns 955,770 shares of the company’s stock valued at $24,477,000 after acquiring an additional 680,588 shares during the period.

Invesco AAA CLO Floating Rate Note ETF Price Performance

Shares of BATS ICLO opened at $25.63 on Monday. The firm’s 50-day moving average price is $25.60 and its two-hundred day moving average price is $25.57. Invesco AAA CLO Floating Rate Note ETF has a 52-week low of $25.23 and a 52-week high of $25.72.

About Invesco AAA CLO Floating Rate Note ETF

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.