VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,079 shares, a decline of 90.9% from the August 15th total of 22,844 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 9,527 shares, the days-to-cover ratio is presently 0.2 days.
VanEck AA-BB CLO ETF Trading Up 0.1%
Shares of CLOB traded up $0.05 during mid-day trading on Friday, reaching $50.20. The stock had a trading volume of 4,181 shares, compared to its average volume of 15,661. VanEck AA-BB CLO ETF has a 52-week low of $49.28 and a 52-week high of $51.17. The business’s fifty day moving average is $50.32 and its 200 day moving average is $50.27.
Institutional Investors Weigh In On VanEck AA-BB CLO ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck AA-BB CLO ETF during the 3rd quarter worth $41,000. International Assets Investment Management LLC purchased a new stake in VanEck AA-BB CLO ETF in the 4th quarter valued at about $43,000. Tower Research Capital LLC TRC purchased a new stake in VanEck AA-BB CLO ETF in the 2nd quarter valued at about $84,000. Osaic Holdings Inc. purchased a new stake in VanEck AA-BB CLO ETF in the 2nd quarter valued at about $206,000. Finally, EP Wealth Advisors LLC acquired a new position in VanEck AA-BB CLO ETF in the second quarter valued at about $336,000.
VanEck AA-BB CLO ETF Company Profile
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.
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