VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Up 775.7% in December

VanEck CLO ETF (NYSEARCA:CLOI) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 131,951 shares, a growth of 775.7% from the November 30th total of 15,068 shares. Based on an average daily volume of 328,597 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 328,597 shares, the days-to-cover ratio is presently 0.4 days.

VanEck CLO ETF Stock Performance

Shares of CLOI stock traded up $0.01 during trading hours on Wednesday, reaching $53.03. 102,125 shares of the company’s stock were exchanged, compared to its average volume of 236,709. The company’s 50 day moving average is $52.92 and its two-hundred day moving average is $52.93. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.20.

Institutional Investors Weigh In On VanEck CLO ETF

Several institutional investors have recently made changes to their positions in the stock. CWM LLC grew its stake in shares of VanEck CLO ETF by 177.6% during the 3rd quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after purchasing an additional 451 shares during the period. Private Trust Co. NA acquired a new stake in shares of VanEck CLO ETF in the second quarter valued at about $66,000. Clear Investment Research LLC purchased a new stake in VanEck CLO ETF during the third quarter worth about $89,000. Mattson Financial Services LLC boosted its holdings in VanEck CLO ETF by 17.8% during the first quarter. Mattson Financial Services LLC now owns 2,905 shares of the company’s stock worth $153,000 after buying an additional 440 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in VanEck CLO ETF during the second quarter worth about $177,000.

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.