Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Declines By 66.6%

VanEck CLO ETF (NYSEARCA:CLOI) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 46,128 shares, a drop of 66.6% from the July 15th total of 138,033 shares. Based on an average daily volume of 198,996 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

VanEck CLO ETF Trading Up 0.0%

Shares of NYSEARCA CLOI traded up $0.02 during trading hours on Friday, hitting $52.87. The stock had a trading volume of 132,567 shares, compared to its average volume of 227,731. The firm’s 50-day moving average price is $52.86 and its two-hundred day moving average price is $52.79. VanEck CLO ETF has a 52 week low of $52.36 and a 52 week high of $53.15.

Institutional Trading of VanEck CLO ETF

A number of institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its holdings in shares of VanEck CLO ETF by 7.6% during the 4th quarter. AE Wealth Management LLC now owns 244,329 shares of the company’s stock valued at $12,903,000 after purchasing an additional 17,325 shares in the last quarter. Financial Management Network Inc. lifted its stake in shares of VanEck CLO ETF by 23.2% in the 1st quarter. Financial Management Network Inc. now owns 129,560 shares of the company’s stock valued at $6,807,000 after purchasing an additional 24,372 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in VanEck CLO ETF by 28.1% in the first quarter. Kestra Private Wealth Services LLC now owns 102,809 shares of the company’s stock worth $5,418,000 after purchasing an additional 22,525 shares in the last quarter. Employees Retirement Fund of the City of Fort Worth bought a new stake in VanEck CLO ETF in the fourth quarter worth $11,967,000. Finally, Diversified Portfolios Inc. acquired a new position in VanEck CLO ETF during the fourth quarter worth $5,429,000.

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.