VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 46,128 shares, a decline of 66.6% from the July 15th total of 138,033 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 198,996 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of VanEck CLO ETF by 264.4% in the first quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock valued at $1,040,000 after buying an additional 14,275 shares in the last quarter. Cresset Asset Management LLC acquired a new position in VanEck CLO ETF during the 2nd quarter worth about $619,000. Quantinno Capital Management LP purchased a new position in VanEck CLO ETF during the 2nd quarter valued at about $400,000. Darwin Wealth Management LLC purchased a new position in VanEck CLO ETF during the 2nd quarter valued at about $13,048,000. Finally, Curi Capital LLC grew its position in VanEck CLO ETF by 2.0% in the 2nd quarter. Curi Capital LLC now owns 165,842 shares of the company’s stock valued at $8,781,000 after acquiring an additional 3,185 shares in the last quarter.
VanEck CLO ETF Stock Performance
Shares of CLOI stock traded up $0.02 during trading hours on Friday, hitting $52.87. The company had a trading volume of 132,567 shares, compared to its average volume of 227,731. The company’s fifty day moving average is $52.86 and its 200 day moving average is $52.79. VanEck CLO ETF has a fifty-two week low of $52.36 and a fifty-two week high of $53.15.
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.
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