VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 46,128 shares, a decline of 66.6% from the July 15th total of 138,033 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 198,996 shares, the short-interest ratio is presently 0.2 days.
VanEck CLO ETF Price Performance
CLOI traded up $0.02 during trading hours on Friday, hitting $52.87. 132,567 shares of the company’s stock were exchanged, compared to its average volume of 227,731. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15. The firm has a 50 day moving average of $52.86 and a 200 day moving average of $52.79.
Institutional Trading of VanEck CLO ETF
A number of large investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in shares of VanEck CLO ETF in the second quarter valued at $659,000. Fulcrum Equity Management acquired a new position in VanEck CLO ETF during the 2nd quarter worth $656,000. Redhawk Wealth Advisors Inc. increased its holdings in VanEck CLO ETF by 15.9% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,603 shares of the company’s stock worth $297,000 after purchasing an additional 768 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in VanEck CLO ETF during the 2nd quarter worth about $595,000. Finally, Ferguson Shapiro LLC raised its position in VanEck CLO ETF by 58.0% in the 2nd quarter. Ferguson Shapiro LLC now owns 96,010 shares of the company’s stock valued at $5,084,000 after purchasing an additional 35,263 shares in the last quarter.
VanEck CLO ETF Company Profile
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.
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