VanEck CLO ETF (NYSEARCA:CLOI) Sees Strong Trading Volume – What’s Next?

Shares of VanEck CLO ETF (NYSEARCA:CLOI) saw an uptick in trading volume on Monday . Approximately 170,779 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 218,677 shares.The stock last traded at $52.94 and had previously closed at $52.92.

VanEck CLO ETF Stock Up 0.0%

The stock has a 50-day moving average of $52.83 and a 200 day moving average of $52.80.

Hedge Funds Weigh In On VanEck CLO ETF

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of VanEck CLO ETF by 264.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock valued at $1,040,000 after acquiring an additional 14,275 shares during the period. Cresset Asset Management LLC acquired a new position in shares of VanEck CLO ETF in the 2nd quarter valued at $619,000. Quantinno Capital Management LP acquired a new position in shares of VanEck CLO ETF in the 2nd quarter valued at $400,000. Darwin Wealth Management LLC bought a new stake in shares of VanEck CLO ETF in the 2nd quarter valued at $13,048,000. Finally, Curi Capital LLC raised its stake in VanEck CLO ETF by 2.0% during the 2nd quarter. Curi Capital LLC now owns 165,842 shares of the company’s stock worth $8,781,000 after buying an additional 3,185 shares during the period.

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.