Nuveen AA-BBB CLO ETF (NYSEARCA:NCLO – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 37,058 shares, an increase of 163.7% from the April 30th total of 14,051 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 15,907 shares, the short-interest ratio is presently 2.3 days.
Nuveen AA-BBB CLO ETF Stock Down 0.5%
Shares of NCLO traded down $0.13 during mid-day trading on Friday, hitting $25.06. The company’s stock had a trading volume of 22,185 shares, compared to its average volume of 39,385. Nuveen AA-BBB CLO ETF has a 1-year low of $24.22 and a 1-year high of $25.27. The firm has a 50-day simple moving average of $24.96 and a 200 day simple moving average of $24.99.
Hedge Funds Weigh In On Nuveen AA-BBB CLO ETF
Institutional investors have recently made changes to their positions in the stock. Diversified Portfolios Inc. purchased a new position in shares of Nuveen AA-BBB CLO ETF during the 4th quarter worth about $19,070,000. GC Wealth Management RIA LLC acquired a new stake in Nuveen AA-BBB CLO ETF in the 4th quarter valued at $752,000. Trajan Wealth LLC acquired a new stake in shares of Nuveen AA-BBB CLO ETF in the third quarter valued at about $338,000. Sanctuary Advisors LLC raised its stake in shares of Nuveen AA-BBB CLO ETF by 18.2% during the fourth quarter. Sanctuary Advisors LLC now owns 19,215 shares of the company’s stock valued at $481,000 after purchasing an additional 2,961 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new position in Nuveen AA-BBB CLO ETF in the 4th quarter worth $218,000.
Nuveen AA-BBB CLO ETF Company Profile
The Nuveen AA-BBB CLO ETF (NCLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, seeking total return through investments in USD-denominated, investment-grade collateralized loan obligations (CLOs) of any maturity. NCLO was launched on Dec 10, 2024 and is issued by Nuveen.
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