VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Sees Large Drop in Short Interest

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,986 shares, a drop of 79.7% from the April 30th total of 29,467 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 11,052 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On VanEck AA-BB CLO ETF

Several institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck AA-BB CLO ETF during the third quarter worth $41,000. International Assets Investment Management LLC purchased a new stake in VanEck AA-BB CLO ETF during the 4th quarter worth about $43,000. Tower Research Capital LLC TRC acquired a new position in shares of VanEck AA-BB CLO ETF during the 2nd quarter worth about $84,000. Osaic Holdings Inc. acquired a new position in shares of VanEck AA-BB CLO ETF during the 2nd quarter worth about $206,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of VanEck AA-BB CLO ETF in the 2nd quarter valued at about $336,000.

VanEck AA-BB CLO ETF Trading Down 0.1%

Shares of CLOB traded down $0.03 during mid-day trading on Friday, reaching $50.56. The stock had a trading volume of 9,748 shares, compared to its average volume of 17,998. The business’s fifty day moving average is $50.18 and its 200 day moving average is $50.50. VanEck AA-BB CLO ETF has a 52-week low of $49.28 and a 52-week 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.