VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,445,498 shares changed hands during trading, an increase of 210% from the previous session’s volume of 465,979 shares.The stock last traded at $52.9650 and had previously closed at $52.91.
VanEck CLO ETF Price Performance
The stock’s 50-day moving average is $52.88 and its 200 day moving average is $52.92.
Hedge Funds Weigh In On VanEck CLO ETF
Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its position in VanEck CLO ETF by 264.4% during 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. Wealth Enhancement Advisory Services LLC purchased a new stake in VanEck CLO ETF during the 2nd quarter valued at approximately $8,185,000. Maridea Wealth Management LLC increased its holdings in shares of VanEck CLO ETF by 0.3% in the second quarter. Maridea Wealth Management LLC now owns 134,247 shares of the company’s stock valued at $7,108,000 after purchasing an additional 435 shares during the period. Capital Investment Advisors LLC raised its stake in shares of VanEck CLO ETF by 14.7% during the second quarter. Capital Investment Advisors LLC now owns 1,286,977 shares of the company’s stock worth $68,145,000 after purchasing an additional 164,457 shares during the last quarter. Finally, Trivium Point Advisory LLC grew its position in VanEck CLO ETF by 27.5% in the 2nd quarter. Trivium Point Advisory LLC now owns 16,371 shares of the company’s stock valued at $867,000 after buying an additional 3,526 shares during the last quarter.
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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