VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Down 16.3% in April

VanEck CLO ETF (NYSEARCA:CLOI) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 49,681 shares, a drop of 16.3% from the March 31st total of 59,370 shares. Based on an average trading volume of 158,807 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in shares of VanEck CLO ETF by 264.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock worth $1,040,000 after purchasing an additional 14,275 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of VanEck CLO ETF during the 2nd quarter worth about $619,000. Quantinno Capital Management LP acquired a new stake in shares of VanEck CLO ETF during the 2nd quarter worth about $400,000. Darwin Wealth Management LLC acquired a new stake in shares of VanEck CLO ETF during the 2nd quarter worth about $13,048,000. Finally, Curi Capital LLC increased its position in shares of VanEck CLO ETF by 2.0% during the 2nd quarter. Curi Capital LLC now owns 165,842 shares of the company’s stock worth $8,781,000 after purchasing an additional 3,185 shares in the last quarter.

VanEck CLO ETF Price Performance

Shares of CLOI stock traded down $0.17 during mid-day trading on Friday, reaching $52.68. The stock had a trading volume of 505,892 shares, compared to its average volume of 249,811. The firm’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $52.82. VanEck CLO ETF has a one year low of $52.36 and a one year high of $53.15.

VanEck CLO ETF Company Profile

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.