Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Decreases By 78.1%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,770 shares, a decrease of 78.1% from the January 15th total of 53,636 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 25,479 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 25,479 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

Large investors have recently modified their holdings of the stock. Diversified Portfolios Inc. acquired a new position in VanEck AA-BB CLO ETF in the fourth quarter worth about $827,000. Axxcess Wealth Management LLC acquired a new position in shares of VanEck AA-BB CLO ETF in the 4th quarter worth approximately $8,031,000. L & S Advisors Inc increased its holdings in shares of VanEck AA-BB CLO ETF by 320.8% in the 4th quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock valued at $7,116,000 after acquiring an additional 107,073 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter valued at approximately $43,000. Finally, Independence Asset Advisors LLC raised its position in shares of VanEck AA-BB CLO ETF by 1.5% during the 4th quarter. Independence Asset Advisors LLC now owns 895,536 shares of the company’s stock valued at $45,375,000 after acquiring an additional 13,508 shares in the last quarter.

VanEck AA-BB CLO ETF Stock Up 0.1%

Shares of CLOB opened at $50.73 on Wednesday. The business’s 50 day moving average is $50.82 and its two-hundred day moving average is $50.84. VanEck AA-BB CLO ETF has a 52-week low of $45.00 and a 52-week high of $51.17.

VanEck AA-BB CLO ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.238 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.