VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Up 78.5% in July

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 12,579 shares, an increase of 78.5% from the July 15th total of 7,046 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 23,144 shares, the short-interest ratio is currently 0.5 days.

VanEck AA-BB CLO ETF Stock Performance

Shares of CLOB stock traded up $0.03 on Tuesday, reaching $50.33. 1,057 shares of the stock were exchanged, compared to its average volume of 16,164. The business’s 50 day moving average price is $50.35 and its 200 day moving average price is $50.31. VanEck AA-BB CLO ETF has a twelve month low of $49.28 and a twelve month high of $51.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLOB. Ferguson Shapiro LLC raised its position in shares of VanEck AA-BB CLO ETF by 3.7% during the 2nd quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock worth $452,000 after acquiring an additional 316 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in VanEck AA-BB CLO ETF by 82.2% in the first quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock valued at $77,000 after purchasing an additional 695 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in VanEck AA-BB CLO ETF in the third quarter valued at approximately $41,000. Summit Financial LLC increased its stake in VanEck AA-BB CLO ETF by 20.7% in the fourth quarter. Summit Financial LLC now owns 9,475 shares of the company’s stock valued at $480,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in VanEck AA-BB CLO ETF during the second quarter worth approximately $84,000.

About VanEck AA-BB CLO ETF

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.