Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) Short Interest Down 45.1% in July

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

Invesco AAA CLO Floating Rate Note ETF Stock Performance

Shares of BATS ICLO opened at $25.63 on Monday. The stock’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.

Institutional Investors Weigh In On Invesco AAA CLO Floating Rate Note ETF

Several institutional investors and hedge funds have recently made changes to their positions in ICLO. CoreCap Advisors LLC boosted its holdings in Invesco AAA CLO Floating Rate Note ETF by 39.4% in the second quarter. CoreCap Advisors LLC now owns 2,723 shares of the company’s stock worth $70,000 after purchasing an additional 769 shares during the period. Comerica Bank increased its stake in Invesco AAA CLO Floating Rate Note ETF by 1,019.9% during the third quarter. Comerica Bank now owns 5,129 shares of the company’s stock valued at $131,000 after purchasing an additional 4,671 shares during the last quarter. Compass Financial Management LLC acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the second quarter worth $155,000. Fifth Third Bancorp acquired a new stake in shares of Invesco AAA CLO Floating Rate Note ETF during the first quarter worth $170,000. Finally, Merit Financial Group LLC bought a new position in shares of Invesco AAA CLO Floating Rate Note ETF in the 4th quarter worth about $205,000.

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.