VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Up 20.4% in April

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 10,329 shares, a growth of 20.4% from the March 31st total of 8,577 shares. Based on an average daily trading volume, of 12,380 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

Several hedge funds have recently made changes to their positions in the stock. Ferguson Shapiro LLC grew its position in shares of VanEck AA-BB CLO ETF by 16.9% in the first quarter. Ferguson Shapiro LLC now owns 8,640 shares of the company’s stock valued at $432,000 after purchasing an additional 1,252 shares in the last quarter. Independence Asset Advisors LLC grew its position in shares of VanEck AA-BB CLO ETF by 1.8% in the first quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock valued at $45,575,000 after purchasing an additional 16,237 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of VanEck AA-BB CLO ETF in the fourth quarter valued at $7,995,000. Osaic Holdings Inc. grew its position in shares of VanEck AA-BB CLO ETF by 69.8% in the fourth quarter. Osaic Holdings Inc. now owns 7,641 shares of the company’s stock valued at $387,000 after purchasing an additional 3,140 shares in the last quarter. Finally, Summit Financial LLC grew its position in shares of VanEck AA-BB CLO ETF by 20.7% in the fourth quarter. Summit Financial LLC now owns 9,475 shares of the company’s stock valued at $480,000 after purchasing an additional 1,622 shares in the last quarter.

VanEck AA-BB CLO ETF Price Performance

Shares of NYSEARCA CLOB traded down $0.12 during mid-day trading on Friday, hitting $50.39. The company had a trading volume of 4,852 shares, compared to its average volume of 19,892. VanEck AA-BB CLO ETF has a 1 year low of $49.28 and a 1 year high of $51.17. The stock’s 50-day moving average price is $50.05 and its 200-day moving average price is $50.56.

About VanEck AA-BB CLO ETF

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.