VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Update

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 138,033 shares, a drop of 53.6% from the June 30th total of 297,228 shares. Based on an average daily trading volume, of 207,482 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Portside Wealth Group LLC increased its stake in VanEck CLO ETF by 5.5% in the fourth quarter. Portside Wealth Group LLC now owns 6,593 shares of the company’s stock valued at $348,000 after purchasing an additional 345 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in shares of VanEck CLO ETF by 8.1% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 4,744 shares of the company’s stock valued at $251,000 after buying an additional 354 shares during the period. Mpwm Advisory Solutions LLC grew its holdings in shares of VanEck CLO ETF by 0.7% in the 3rd quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock valued at $2,803,000 after buying an additional 365 shares during the period. Fifth Third Bancorp acquired a new position in shares of VanEck CLO ETF in the 1st quarter valued at $32,000. Finally, FAS Wealth Partners Inc. increased its position in shares of VanEck CLO ETF by 38.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock valued at $126,000 after buying an additional 668 shares in the last quarter.

VanEck CLO ETF Price Performance

Shares of VanEck CLO ETF stock traded up $0.02 during trading on Wednesday, hitting $52.96. 92,978 shares of the company were exchanged, compared to its average volume of 221,266. VanEck CLO ETF has a 1-year low of $52.36 and a 1-year high of $53.15. The firm’s fifty day moving average price is $52.87 and its 200 day moving average price is $52.79.

VanEck CLO ETF Company Profile

The VanEck CLO ETF (CLOI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in collateralized loan obligations (CLOs) of any maturity. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOI was launched on Jun 21, 2022 and is managed by VanEck.