Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Drops By 39.0%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 6,860 shares, a decline of 39.0% from the June 15th total of 11,239 shares. Based on an average daily trading volume, of 8,512 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

VanEck AA-BB CLO ETF Trading Up 0.0%

VanEck AA-BB CLO ETF stock opened at $50.29 on Friday. The stock has a 50-day moving average of $50.42 and a two-hundred day moving average of $50.39. VanEck AA-BB CLO ETF has a one year low of $49.28 and a one year high of $51.17.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Independence Asset Advisors LLC grew its position in VanEck AA-BB CLO ETF by 1.8% during the 1st quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock worth $45,575,000 after purchasing an additional 16,237 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of VanEck AA-BB CLO ETF by 187.3% in the second quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock worth $10,281,000 after buying an additional 131,895 shares during the last quarter. Darwin Wealth Management LLC lifted its stake in shares of VanEck AA-BB CLO ETF by 2.0% during the fourth quarter. Darwin Wealth Management LLC now owns 159,453 shares of the company’s stock worth $8,079,000 after buying an additional 3,119 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of VanEck AA-BB CLO ETF during the fourth quarter valued at $8,031,000. Finally, L & S Advisors Inc increased its position in shares of VanEck AA-BB CLO ETF by 320.8% in the 4th quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock valued at $7,116,000 after acquiring an additional 107,073 shares during the period.

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.