VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 25,070 shares, an increase of 19.5% from the December 15th total of 20,983 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 15,925 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 15,925 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.8% of the company’s stock are short sold.
Hedge Funds Weigh In On VanEck AA-BB CLO ETF
Hedge funds have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in VanEck AA-BB CLO ETF in the 3rd quarter valued at approximately $41,000. Tower Research Capital LLC TRC purchased a new position in shares of VanEck AA-BB CLO ETF in the second quarter worth $84,000. Osaic Holdings Inc. bought a new position in shares of VanEck AA-BB CLO ETF during the second quarter valued at $206,000. EP Wealth Advisors LLC bought a new position in shares of VanEck AA-BB CLO ETF during the second quarter valued at $336,000. Finally, Ferguson Shapiro LLC purchased a new stake in shares of VanEck AA-BB CLO ETF during the third quarter valued at $493,000.
VanEck AA-BB CLO ETF Stock Performance
CLOB stock traded up $0.02 during trading on Monday, hitting $50.87. 10,453 shares of the stock traded hands, compared to its average volume of 15,859. VanEck AA-BB CLO ETF has a 1 year low of $45.00 and a 1 year high of $51.17. The firm’s 50 day moving average is $50.84 and its two-hundred day moving average is $50.82.
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.
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