Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Declines By 76.7%

VanEck CLO ETF (NYSEARCA:CLOI) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 13,090 shares, a decline of 76.7% from the May 14th total of 56,111 shares. Based on an average daily trading volume, of 136,311 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

VanEck CLO ETF Trading Up 0.0%

Shares of NYSEARCA CLOI opened at $52.83 on Wednesday. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15. The company’s 50-day moving average is $52.74 and its 200 day moving average is $52.79.

Hedge Funds Weigh In On VanEck CLO ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC bought a new stake in VanEck CLO ETF during the third quarter worth about $11,647,000. AE Wealth Management LLC boosted its stake in VanEck CLO ETF by 7.6% during the fourth quarter. AE Wealth Management LLC now owns 244,329 shares of the company’s stock worth $12,903,000 after acquiring an additional 17,325 shares in the last quarter. HighTower Advisors LLC boosted its stake in VanEck CLO ETF by 4.2% during the third quarter. HighTower Advisors LLC now owns 314,332 shares of the company’s stock worth $16,691,000 after acquiring an additional 12,619 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in VanEck CLO ETF by 257.1% during the third quarter. Arete Wealth Advisors LLC now owns 97,611 shares of the company’s stock worth $5,183,000 after acquiring an additional 70,274 shares in the last quarter. Finally, Cathy Pareto & Associates Inc. boosted its stake in VanEck CLO ETF by 70.1% during the fourth quarter. Cathy Pareto & Associates Inc. now owns 49,743 shares of the company’s stock worth $2,627,000 after acquiring an additional 20,493 shares in the last quarter.

VanEck CLO ETF Company Profile

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.