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

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 54,360 shares, a decline of 58.8% from the December 15th total of 131,951 shares. Based on an average daily volume of 195,384 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 195,384 shares, the days-to-cover ratio is presently 0.3 days.

VanEck CLO ETF Price Performance

Shares of NYSEARCA:CLOI traded up $0.01 during mid-day trading on Wednesday, reaching $52.82. The stock had a trading volume of 135,295 shares, compared to its average volume of 400,911. The business’s 50 day moving average price is $52.88 and its 200 day moving average price is $52.92. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. WESPAC Advisors LLC grew its holdings in shares of VanEck CLO ETF by 339.8% in the fourth quarter. WESPAC Advisors LLC now owns 53,628 shares of the company’s stock valued at $2,832,000 after purchasing an additional 41,435 shares in the last quarter. Capital Investment Advisors LLC raised its stake in VanEck CLO ETF by 9.0% during the fourth quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock valued at $82,581,000 after purchasing an additional 129,592 shares in the last quarter. Dakota Wealth Management bought a new position in VanEck CLO ETF during the fourth quarter valued at $4,784,000. Sax Wealth Advisors LLC grew its stake in shares of VanEck CLO ETF by 36.2% in the 4th quarter. Sax Wealth Advisors LLC now owns 362,439 shares of the company’s stock worth $19,140,000 after buying an additional 96,310 shares in the last quarter. Finally, Optivise Advisory Services LLC grew its stake in shares of VanEck CLO ETF by 6.9% in the 4th quarter. Optivise Advisory Services LLC now owns 13,297 shares of the company’s stock worth $702,000 after buying an additional 858 shares in the last quarter.

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.