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

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a large increase in short interest in 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. Based on an average daily volume of 23,144 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck AA-BB CLO ETF

Several hedge funds have recently bought and sold shares of the business. Ferguson Shapiro LLC boosted its holdings in shares of VanEck AA-BB CLO ETF by 3.7% during the second quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock worth $452,000 after purchasing an additional 316 shares during the period. International Assets Investment Management LLC increased its stake in VanEck AA-BB CLO ETF by 82.2% in the 1st quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock valued at $77,000 after buying an additional 695 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in VanEck AA-BB CLO ETF in the 3rd quarter valued at approximately $41,000. Summit Financial LLC lifted its position in VanEck AA-BB CLO ETF by 20.7% in the 4th quarter. Summit Financial LLC now owns 9,475 shares of the company’s stock worth $480,000 after buying an additional 1,622 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in VanEck AA-BB CLO ETF in the 2nd quarter worth approximately $84,000.

VanEck AA-BB CLO ETF Price Performance

Shares of CLOB remained flat at $50.29 during mid-day trading on Monday. The stock had a trading volume of 4,609 shares, compared to its average volume of 16,345. The company has a 50-day moving average price of $50.36 and a two-hundred day moving average price of $50.32. VanEck AA-BB CLO ETF has a one year low of $49.28 and a one year high of $51.17.

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.