VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 150,222 shares, an increase of 151.1% from the September 30th total of 59,827 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 380,319 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of VanEck CLO ETF
A number of institutional investors and hedge funds have recently bought and sold shares of CLOI. Fifth Third Bancorp bought a new stake in shares of VanEck CLO ETF during the 1st quarter worth $32,000. Tucker Asset Management LLC boosted its holdings in VanEck CLO ETF by 1,651.2% in the second quarter. Tucker Asset Management LLC now owns 1,506 shares of the company’s stock valued at $80,000 after acquiring an additional 1,420 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in VanEck CLO ETF during the 2nd quarter valued at approximately $97,000. FAS Wealth Partners Inc. increased its stake in shares of VanEck CLO ETF by 38.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock worth $126,000 after acquiring an additional 668 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of VanEck CLO ETF in the second quarter worth $197,000.
VanEck CLO ETF Stock Performance
Shares of NYSEARCA CLOI traded up $0.01 during midday trading on Friday, hitting $52.98. 64,346 shares of the company’s stock were exchanged, compared to its average volume of 257,295. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.10. The company’s 50 day moving average price is $52.89 and its 200 day moving average price is $52.82.
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.
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