VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 307,474 shares, a growth of 410.2% from the August 31st total of 60,263 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 340,026 shares, the short-interest ratio is presently 0.9 days.
VanEck CLO ETF Stock Performance
Shares of NYSEARCA CLOI opened at $52.94 on Friday. VanEck CLO ETF has a fifty-two week low of $52.36 and a fifty-two week high of $53.15. The firm’s 50-day simple moving average is $52.89 and its 200 day simple moving average is $52.80.
Institutional Trading of VanEck CLO ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in shares of VanEck CLO ETF in the 1st quarter worth approximately $32,000. Tucker Asset Management LLC increased its stake in shares of VanEck CLO ETF by 1,651.2% during the second quarter. Tucker Asset Management LLC now owns 1,506 shares of the company’s stock valued at $80,000 after acquiring an additional 1,420 shares during the period. Integrated Wealth Concepts LLC bought a new stake in VanEck CLO ETF during the second quarter worth approximately $97,000. FAS Wealth Partners Inc. lifted its position in VanEck CLO ETF by 38.8% in the first quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock worth $126,000 after purchasing an additional 668 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in VanEck CLO ETF during the 2nd quarter valued at $197,000.
About VanEck CLO ETF
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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