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

Alternative Access First Priority CLO Bond ETF (NYSEARCA:AAA) was the recipient of a large growth in short interest in the month of 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. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,596 shares, the days-to-cover ratio is presently 1.5 days.

Alternative Access First Priority CLO Bond ETF Price Performance

NYSEARCA AAA traded up $0.04 on Friday, hitting $25.04. 8,822 shares of the company traded hands, compared to its average volume of 9,233. The business’s 50 day moving average price is $24.97 and its 200-day moving average price is $24.98. Alternative Access First Priority CLO Bond ETF has a 52-week low of $24.67 and a 52-week high of $25.14.

Insider Activity

In other news, EVP Matthew T. Reed sold 4,600 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $46.82, for a total value of $215,372.00. Following the transaction, the executive vice president directly owned 71,770 shares in the company, valued at $3,360,271.40. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Alternative Access First Priority CLO Bond ETF Company Profile

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.