VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Update

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant decline in short interest during 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 136,311 shares, the days-to-cover ratio is presently 0.1 days.

VanEck CLO ETF Price Performance

Shares of CLOI traded up $0.02 during trading hours on Friday, reaching $52.87. 102,125 shares of the company traded hands, compared to its average volume of 225,543. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15. The business has a fifty day moving average price of $52.76 and a 200-day moving average price of $52.79.

Institutional Investors Weigh In On VanEck CLO ETF

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new stake in shares of VanEck CLO ETF during the first quarter valued at $32,000. Wells Fargo & Company MN purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $37,000. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $43,000. NBC Securities Inc. purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $61,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $68,000.

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.