VanEck CLO ETF (NYSEARCA:CLOI) Sees Large Decline in Short Interest

VanEck CLO ETF (NYSEARCA:CLOI) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 49,681 shares, a decrease of 16.3% from the March 31st total of 59,370 shares. Based on an average daily trading volume, of 158,807 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

VanEck CLO ETF Stock Performance

Shares of NYSEARCA CLOI opened at $52.85 on Friday. VanEck CLO ETF has a one year low of $52.36 and a one year high of $53.15. The business has a 50-day moving average price of $52.64 and a two-hundred day moving average price of $52.82.

Institutional Investors Weigh In On VanEck CLO ETF

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its holdings in VanEck CLO ETF by 177.6% in the 3rd quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after acquiring an additional 451 shares during the period. Wells Fargo & Company MN bought a new stake in VanEck CLO ETF during the fourth quarter valued at about $37,000. Raleigh Capital Management Inc. acquired a new stake in shares of VanEck CLO ETF in the fourth quarter valued at about $43,000. NBC Securities Inc. acquired a new stake in shares of VanEck CLO ETF in the fourth quarter valued at about $61,000. Finally, Capital Investment Advisory Services LLC bought a new position in shares of VanEck CLO ETF in the fourth quarter worth about $68,000.

About VanEck CLO ETF

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.