VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Update

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 22,009 shares, an increase of 958.6% from the August 31st total of 2,079 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 9,968 shares, the days-to-cover ratio is presently 2.2 days.

VanEck AA-BB CLO ETF Stock Performance

NYSEARCA:CLOB remained flat at $50.44 during mid-day trading on Friday. 27,491 shares of the company traded hands, compared to its average volume of 16,349. VanEck AA-BB CLO ETF has a twelve month low of $49.28 and a twelve month high of $51.17. The stock has a fifty day simple moving average of $50.33 and a 200 day simple moving average of $50.27.

Institutional Trading of VanEck AA-BB CLO ETF

Hedge funds have recently made changes to their positions in the business. Ferguson Shapiro LLC increased its holdings in shares of VanEck AA-BB CLO ETF by 3.7% during the 2nd quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock worth $452,000 after acquiring an additional 316 shares during the last quarter. International Assets Investment Management LLC raised its stake in VanEck AA-BB CLO ETF by 82.2% in the 1st quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock valued at $77,000 after acquiring an additional 695 shares during the period. NewEdge Advisors LLC lifted its holdings in VanEck AA-BB CLO ETF by 2,074.2% during the 1st quarter. NewEdge Advisors LLC now owns 8,697 shares of the company’s stock valued at $435,000 after purchasing an additional 8,297 shares during the last quarter. Royal Bank of Canada lifted its holdings in VanEck AA-BB CLO ETF by 108.2% during the 1st quarter. Royal Bank of Canada now owns 24,996 shares of the company’s stock valued at $1,249,000 after purchasing an additional 12,992 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in VanEck AA-BB CLO ETF during the second quarter worth $684,000.

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.