VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 59,827 shares, a drop of 80.5% from the September 15th total of 307,474 shares. Based on an average daily trading volume, of 568,366 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.
VanEck CLO ETF Trading Down 0.0%
NYSEARCA CLOI traded down $0.01 during trading on Friday, hitting $52.83. The stock had a trading volume of 256,672 shares, compared to its average volume of 255,730. The company’s 50-day moving average price is $52.87 and its two-hundred day moving average price is $52.82. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.10.
Institutional Trading of VanEck CLO ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in CLOI. GK Wealth Management LLC bought a new position in VanEck CLO ETF in the third quarter valued at $243,000. Breakwater Capital Group increased its stake in VanEck CLO ETF by 17.7% in the 3rd quarter. Breakwater Capital Group now owns 45,530 shares of the company’s stock valued at $2,412,000 after buying an additional 6,842 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in VanEck CLO ETF in the 3rd quarter valued at $323,000. Galvin Gaustad & Stein LLC lifted its position in VanEck CLO ETF by 9.6% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 55,739 shares of the company’s stock worth $2,953,000 after buying an additional 4,879 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in VanEck CLO ETF by 16.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,452 shares of the company’s stock worth $1,030,000 after buying an additional 2,775 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.
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