Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Increases By 185.8%

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 297,228 shares, an increase of 185.8% from the June 15th total of 103,997 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 256,882 shares, the days-to-cover ratio is currently 1.2 days.

VanEck CLO ETF Stock Up 0.2%

Shares of NYSEARCA CLOI traded up $0.10 during mid-day trading on Monday, hitting $52.83. The company’s stock had a trading volume of 107,622 shares, compared to its average volume of 225,252. VanEck CLO ETF has a one year low of $52.36 and a one year high of $53.15. The company’s fifty day simple moving average is $52.85 and its 200-day simple moving average is $52.79.

Institutional Trading of VanEck CLO ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its stake in shares of VanEck CLO ETF by 26.1% in the 4th quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after purchasing an additional 419,749 shares during the period. Independence Asset Advisors LLC grew its stake in shares of VanEck CLO ETF by 17.2% during the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after purchasing an additional 273,532 shares during the period. Capital Investment Advisors LLC increased its holdings in VanEck CLO ETF by 9.0% in 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 during the last quarter. Pinebridge Investments LLC acquired a new position in VanEck CLO ETF in the fourth quarter valued at about $31,530,000. Finally, Sax Wealth Advisors LLC lifted its stake in VanEck CLO ETF by 11.3% in the second quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock valued at $21,117,000 after buying an additional 40,627 shares during the period.

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.