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AXS First Priority CLO Bond ETF declares monthly distribution of $0.1179
Seeking Alpha News (Mon, 30-Dec 2:18 PM ET)
The Fund is an actively-managed exchange-traded fund ( ETF ) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in AAA rated first priority debt tranches of U.S. dollar-dominated collateralized loan obligations ( CLOs ). CLOs are trusts that are typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. The Fund may invest in CLOs of any maturity. The Fund is actively managed and does not seek to track the performance of any particular index.
Alternative Access First Priority Clo Bond ETF trades on the ARCA stock market under the symbol AAA.
As of January 2, 2025, AAA stock price climbed to $25.14 with 13,377 million shares trading.
AAA has a market cap of $27.65 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, AAA traded as high as $25.28 and as low as $24.03.
AAA has underperformed the market in the last year with a return of +6.9%, while the SPY ETF gained +24.5%. In the last 3 month period, AAA fell short of the market, returning +1.9%, while SPY returned +2.2%. However, in the most recent 2 weeks AAA has outperformed the stock market by returning +0.4%, while SPY returned -2.9%.
AAA support price is $25.01 and resistance is $25.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAA shares will trade within this expected range on the day.