VanEck CLO ETF (NYSEARCA:CLOI) Sees Large Drop in Short Interest

VanEck CLO ETF (NYSEARCA:CLOI) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 59,827 shares, a drop of 80.5% from the September 15th total of 307,474 shares. Based on an average daily trading volume, of 568,366 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of VanEck CLO ETF

A number of hedge funds have recently modified their holdings of CLOI. Fifth Third Bancorp bought a new stake in shares of VanEck CLO ETF in the 1st quarter worth about $32,000. Tucker Asset Management LLC lifted its holdings in VanEck CLO ETF by 1,651.2% during the 2nd quarter. Tucker Asset Management LLC now owns 1,506 shares of the company’s stock valued at $80,000 after purchasing an additional 1,420 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in VanEck CLO ETF during the 2nd quarter valued at about $97,000. FAS Wealth Partners Inc. lifted its holdings in VanEck CLO ETF by 38.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock valued at $126,000 after purchasing an additional 668 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in VanEck CLO ETF in the second quarter valued at about $197,000.

VanEck CLO ETF Stock Up 0.1%

CLOI stock traded up $0.04 during trading on Monday, reaching $52.87. 239,997 shares of the stock were exchanged, compared to its average volume of 255,471. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.10. The stock has a 50 day simple moving average of $52.87 and a 200-day simple moving average of $52.82.

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.