Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Rises By 81.6%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 22,844 shares, a growth of 81.6% from the July 30th total of 12,579 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 14,390 shares, the short-interest ratio is currently 1.6 days.

VanEck AA-BB CLO ETF Stock Down 0.2%

CLOB stock traded down $0.08 during trading on Monday, reaching $50.45. 2,299 shares of the stock were exchanged, compared to its average volume of 15,889. VanEck AA-BB CLO ETF has a twelve month low of $49.28 and a twelve month high of $51.17. The stock has a 50 day simple moving average of $50.35 and a 200-day simple moving average of $50.29.

Institutional Trading of VanEck AA-BB CLO ETF

A number of hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the third quarter valued at approximately $41,000. International Assets Investment Management LLC bought a new position in VanEck AA-BB CLO ETF in the fourth quarter worth $43,000. Tower Research Capital LLC TRC bought a new position in VanEck AA-BB CLO ETF in the second quarter worth $84,000. Osaic Holdings Inc. acquired a new stake in VanEck AA-BB CLO ETF during the second quarter worth $206,000. Finally, EP Wealth Advisors LLC acquired a new stake in VanEck AA-BB CLO ETF during the second quarter worth $336,000.

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.