VanEck CLO ETF (NYSEARCA:CLOI) Sees Significant Decrease in Short Interest

VanEck CLO ETF (NYSEARCA:CLOI) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 138,033 shares, a decrease of 53.6% from the June 30th total of 297,228 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 207,482 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of VanEck CLO ETF

Several large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in VanEck CLO ETF in the first quarter valued at about $32,000. Wells Fargo & Company MN acquired a new position in shares of VanEck CLO ETF during the 4th quarter valued at about $37,000. Raleigh Capital Management Inc. acquired a new position in shares of VanEck CLO ETF during the 4th quarter valued at about $43,000. NBC Securities Inc. bought a new position in shares of VanEck CLO ETF in the 4th quarter valued at approximately $61,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in VanEck CLO ETF in the 4th quarter worth approximately $68,000.

VanEck CLO ETF Trading Up 0.1%

Shares of NYSEARCA:CLOI traded up $0.06 during midday trading on Thursday, reaching $53.02. The company had a trading volume of 576,575 shares, compared to its average volume of 223,734. VanEck CLO ETF has a 1-year low of $52.36 and a 1-year high of $53.15. The company has a fifty day simple moving average of $52.87 and a two-hundred day simple moving average of $52.79.

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.