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

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 11,239 shares, a growth of 78.5% from the May 31st total of 6,298 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 9,085 shares, the short-interest ratio is presently 1.2 days.

VanEck AA-BB CLO ETF Trading Down 0.1%

CLOB stock opened at $50.26 on Friday. VanEck AA-BB CLO ETF has a twelve month low of $49.28 and a twelve month high of $51.17. The business’s fifty day simple moving average is $50.43 and its two-hundred day simple moving average is $50.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC bought a new stake in shares of VanEck AA-BB CLO ETF in the 3rd quarter valued at about $41,000. International Assets Investment Management LLC purchased a new stake in VanEck AA-BB CLO ETF during the fourth quarter valued at approximately $43,000. Tower Research Capital LLC TRC purchased a new stake in VanEck AA-BB CLO ETF during the second quarter valued at approximately $84,000. Osaic Holdings Inc. acquired a new stake in VanEck AA-BB CLO ETF in the second quarter valued at approximately $206,000. Finally, EP Wealth Advisors LLC acquired a new stake in VanEck AA-BB CLO ETF in the second quarter valued at approximately $336,000.

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.