Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Increases By 694.5%

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 103,997 shares, an increase of 694.5% from the May 31st total of 13,090 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 140,713 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of VanEck CLO ETF

Several large investors have recently added to or reduced their stakes in CLOI. Fifth Third Bancorp purchased a new position in VanEck CLO ETF during the 1st quarter valued at $32,000. Wells Fargo & Company MN purchased a new stake in shares of VanEck CLO ETF in the 4th quarter worth about $37,000. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck CLO ETF in the 4th quarter worth about $43,000. NBC Securities Inc. bought a new stake in shares of VanEck CLO ETF during the 4th quarter valued at about $61,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of VanEck CLO ETF during the 4th quarter valued at about $68,000.

VanEck CLO ETF Price Performance

CLOI opened at $52.92 on Friday. The stock’s 50 day moving average price is $52.82 and its 200-day moving average price is $52.80. VanEck CLO ETF has a 52-week low of $52.36 and a 52-week high of $53.15.

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.