CLOA Stock Summary and Trading Ideas (Blackrock Aaa Clo ETF | NASDAQ:CLOA)

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in U.S. dollar-denominated CLOs that are, at the time of purchase, rated AAA (or equivalent) by at least one of the major rating agencies or, if unrated, determined by the Fund management team to be of similar quality. The Fund's 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days' prior written notice to shareholders. The Fund may invest in CLOs of any maturity. The Fund may purchase CLOs in both the primary market (i.e., directly from arranging banks) and in the secondary market.

Blackrock Aaa Clo ETF trades on the NASDAQ stock market under the symbol CLOA.

As of April 19, 2024, CLOA stock price climbed to $51.73 with 37,493 million shares trading.

CLOA has a beta of 0.01, meaning it tends to be less sensitive to market movements. CLOA has a correlation of 0.05 to the broad based SPY ETF.

CLOA has a market cap of $212.09 million. This is considered a Small Cap stock.

CLOA has underperformed the market in the last year with a return of +8.6%, while the SPY ETF gained +21.2%. In the last 3 month period, CLOA fell short of the market, returning +1.9%, while SPY returned +4.3%. However, in the most recent 2 weeks CLOA has outperformed the stock market by returning +0.4%, while SPY returned -3.5%.

CLOA support price is $51.66 and resistance is $51.76 (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 CLOA stock will trade within this expected range on the day.