VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Up 185.8% in June

VanEck CLO ETF (NYSEARCA:CLOI) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 297,228 shares, an increase of 185.8% from the June 15th total of 103,997 shares. Based on an average trading volume of 256,882 shares, the short-interest ratio is presently 1.2 days. Currently, 1.1% of the company’s stock are short sold.

VanEck CLO ETF Stock Performance

NYSEARCA CLOI traded up $0.04 on Tuesday, reaching $52.83. The stock had a trading volume of 340,538 shares, compared to its average volume of 226,203. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15. The business has a 50 day moving average price of $52.85 and a 200 day moving average price of $52.79.

Hedge Funds Weigh In On VanEck CLO ETF

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in VanEck CLO ETF by 26.1% in the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after acquiring an additional 419,749 shares during the last quarter. Independence Asset Advisors LLC increased its stake in shares of VanEck CLO ETF by 17.2% during the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after purchasing an additional 273,532 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of VanEck CLO ETF by 9.0% in the 4th quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock valued at $82,581,000 after purchasing an additional 129,592 shares during the last quarter. Pinebridge Investments LLC acquired a new position in VanEck CLO ETF during the fourth quarter worth $31,530,000. Finally, Sax Wealth Advisors LLC increased its position in VanEck CLO ETF by 11.3% during the second quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock worth $21,117,000 after buying an additional 40,627 shares during the last quarter.

About VanEck CLO ETF

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.