Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Expands By 81.6%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 22,844 shares, a growth of 81.6% from the July 30th total of 12,579 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 14,390 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of VanEck AA-BB CLO ETF

Several hedge funds have recently made changes to their positions in the stock. Independence Asset Advisors LLC grew its stake in VanEck AA-BB CLO ETF by 1.8% during the 1st quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock worth $45,575,000 after buying an additional 16,237 shares during the last quarter. Jane Street Group LLC lifted its stake in VanEck AA-BB CLO ETF by 187.3% in the second quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock valued at $10,281,000 after buying an additional 131,895 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of VanEck AA-BB CLO ETF during the fourth quarter valued at $8,031,000. Darwin Wealth Management LLC acquired a new position in shares of VanEck AA-BB CLO ETF during the second quarter valued at $7,755,000. Finally, L & S Advisors Inc grew its position in shares of VanEck AA-BB CLO ETF by 320.8% during the fourth quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock worth $7,116,000 after acquiring an additional 107,073 shares during the last quarter.

VanEck AA-BB CLO ETF Stock Performance

VanEck AA-BB CLO ETF stock opened at $50.45 on Tuesday. The firm’s 50-day moving average is $50.35 and its 200-day moving average is $50.29. VanEck AA-BB CLO ETF has a 1 year low of $49.28 and a 1 year high of $51.17.

About VanEck AA-BB CLO ETF

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.