VanEck CLO ETF (NYSEARCA:CLOI) Sees Large Increase in Short Interest

VanEck CLO ETF (NYSEARCA:CLOI) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 72,562 shares, an increase of 33.5% from the December 31st total of 54,360 shares. Based on an average daily trading volume, of 375,254 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 375,254 shares, the days-to-cover ratio is currently 0.2 days.

VanEck CLO ETF Trading Down 0.0%

Shares of NYSEARCA CLOI traded down $0.02 during midday trading on Tuesday, reaching $52.85. The company had a trading volume of 208,293 shares, compared to its average volume of 381,667. VanEck CLO ETF has a one year low of $50.12 and a one year high of $53.15. The firm’s fifty day moving average price is $52.89 and its 200-day moving average price is $52.93.

VanEck CLO ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a dividend of $0.2334 per share. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.3%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Independence Asset Advisors LLC raised its stake in shares of VanEck CLO ETF by 1.1% in the fourth quarter. Independence Asset Advisors LLC now owns 1,589,919 shares of the company’s stock worth $83,971,000 after buying an additional 17,203 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of VanEck CLO ETF by 9.0% in the 4th quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock worth $82,581,000 after acquiring an additional 129,592 shares during the last quarter. Sax Wealth Advisors LLC increased its stake in VanEck CLO ETF by 36.2% during the 4th quarter. Sax Wealth Advisors LLC now owns 362,439 shares of the company’s stock worth $19,140,000 after buying an additional 96,310 shares during the period. TRUE Private Wealth Advisors increased its position in VanEck CLO ETF by 4.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 360,791 shares of the company’s stock valued at $19,104,000 after acquiring an additional 14,066 shares during the period. Finally, WealthPlan Investment Management LLC grew its stake in VanEck CLO ETF by 3.6% in the 3rd quarter. WealthPlan Investment Management LLC now owns 323,776 shares of the company’s stock worth $17,193,000 after acquiring an additional 11,305 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.