VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Down 30.7% in March

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,577 shares, a decline of 30.7% from the March 15th total of 12,378 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 11,417 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On VanEck AA-BB CLO ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Independence Asset Advisors LLC increased its holdings in VanEck AA-BB CLO ETF by 126.7% in the 3rd quarter. Independence Asset Advisors LLC now owns 882,028 shares of the company’s stock valued at $44,971,000 after buying an additional 492,971 shares during the period. Darwin Wealth Management LLC increased its holdings in VanEck AA-BB CLO ETF by 2.5% in the 3rd quarter. Darwin Wealth Management LLC now owns 156,334 shares of the company’s stock valued at $7,971,000 after buying an additional 3,739 shares during the period. Castleview Partners LLC increased its holdings in VanEck AA-BB CLO ETF by 14.9% in the 3rd quarter. Castleview Partners LLC now owns 41,364 shares of the company’s stock valued at $2,109,000 after buying an additional 5,355 shares during the period. International Assets Investment Management LLC bought a new stake in VanEck AA-BB CLO ETF in the 4th quarter valued at $43,000. Finally, Osaic Holdings Inc. increased its holdings in VanEck AA-BB CLO ETF by 69.8% in the 4th quarter. Osaic Holdings Inc. now owns 7,641 shares of the company’s stock valued at $387,000 after buying an additional 3,140 shares during the period.

VanEck AA-BB CLO ETF Price Performance

Shares of VanEck AA-BB CLO ETF stock opened at $49.89 on Tuesday. The company’s fifty day moving average price is $50.17 and its two-hundred day moving average price is $50.61. VanEck AA-BB CLO ETF has a 52-week low of $48.82 and a 52-week high of $51.17.

VanEck AA-BB CLO ETF Company Profile

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.