VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Down 76.7% in May

VanEck CLO ETF (NYSEARCA:CLOIGet Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 13,090 shares, a decrease of 76.7% from the May 14th total of 56,111 shares. Based on an average daily volume of 136,311 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

VanEck CLO ETF Trading Up 0.0%

Shares of CLOI traded up $0.02 during mid-day trading on Thursday, reaching $52.85. The stock had a trading volume of 135,394 shares, compared to its average volume of 226,656. VanEck CLO ETF has a 52-week low of $52.36 and a 52-week high of $53.15. The business’s fifty day moving average is $52.75 and its 200 day moving average is $52.79.

Institutional Investors Weigh In On VanEck CLO ETF

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in VanEck CLO ETF during the first quarter worth about $32,000. Wells Fargo & Company MN purchased a new position in VanEck CLO ETF during the fourth quarter worth about $37,000. Raleigh Capital Management Inc. purchased a new position in VanEck CLO ETF during the fourth quarter worth about $43,000. NBC Securities Inc. purchased a new position in VanEck CLO ETF during the fourth quarter worth about $61,000. Finally, Capital Investment Advisory Services LLC purchased a new position in VanEck CLO ETF during the fourth quarter worth about $68,000.

VanEck CLO ETF Company Profile

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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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