VanEck CLO ETF (NYSEARCA:CLOI) Sees Strong Trading Volume – Should You Buy?

VanEck CLO ETF (NYSEARCA:CLOI) saw strong trading volume on Thursday . Approximately 464,738 shares were traded during trading, an increase of 108% from the previous session’s volume of 222,938 shares.The stock last traded at $52.97 and had previously closed at $52.96.

VanEck CLO ETF Price Performance

The company’s fifty day moving average is $52.87 and its two-hundred day moving average is $52.79.

Institutional Investors Weigh In On VanEck CLO ETF

A number of institutional investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in VanEck CLO ETF during the 1st quarter worth about $32,000. Wells Fargo & Company MN purchased a new position in shares of VanEck CLO ETF in the fourth quarter valued at approximately $37,000. Raleigh Capital Management Inc. purchased a new position in shares of VanEck CLO ETF in the fourth quarter valued at approximately $43,000. NBC Securities Inc. acquired a new position in shares of VanEck CLO ETF in the fourth quarter valued at approximately $61,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in VanEck CLO ETF during the 4th quarter worth approximately $68,000.

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.