VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 59,827 shares, a decline of 80.5% from the September 15th total of 307,474 shares. Based on an average daily trading volume, of 568,366 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.
Institutional Trading of VanEck CLO ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in VanEck CLO ETF during the first quarter valued at approximately $32,000. Tucker Asset Management LLC grew its stake in VanEck CLO ETF by 1,651.2% in the second quarter. Tucker Asset Management LLC now owns 1,506 shares of the company’s stock valued at $80,000 after purchasing an additional 1,420 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in VanEck CLO ETF in the second quarter valued at approximately $97,000. FAS Wealth Partners Inc. increased its position in shares of VanEck CLO ETF by 38.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock worth $126,000 after purchasing an additional 668 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of VanEck CLO ETF during the 2nd quarter worth approximately $197,000.
VanEck CLO ETF Stock Performance
VanEck CLO ETF stock opened at $52.87 on Tuesday. The firm has a 50-day moving average of $52.87 and a 200-day moving average of $52.82. VanEck CLO ETF has a one year low of $52.36 and a one year high of $53.10.
VanEck CLO ETF Company Profile
The VanEck CLO ETF (CLOI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in collateralized loan obligations (CLOs) of any maturity. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOI was launched on Jun 21, 2022 and is managed by VanEck.
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