Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Drops By 35.4%

VanEck AA-BB CLO ETF (NYSEARCA:CLOBGet Free Report) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,749 shares, a decrease of 35.4% from the February 12th total of 2,709 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 53,467 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 53,467 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

VanEck AA-BB CLO ETF Price Performance

Shares of NYSEARCA:CLOB traded down $0.23 during midday trading on Friday, reaching $49.75. The company’s stock had a trading volume of 16,787 shares, compared to its average volume of 24,839. The business has a 50 day moving average price of $50.58 and a 200 day moving average price of $50.76. VanEck AA-BB CLO ETF has a 1 year low of $45.00 and a 1 year high of $51.17.

VanEck AA-BB CLO ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.2321 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.6%.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CLOB. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck AA-BB CLO ETF in the 3rd quarter worth approximately $41,000. International Assets Investment Management LLC acquired a new position in VanEck AA-BB CLO ETF in the fourth quarter valued at approximately $43,000. Tower Research Capital LLC TRC bought a new position in shares of VanEck AA-BB CLO ETF during the second quarter valued at approximately $84,000. Osaic Holdings Inc. acquired a new stake in shares of VanEck AA-BB CLO ETF during the 2nd quarter worth approximately $206,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of VanEck AA-BB CLO ETF during the 2nd quarter worth approximately $336,000.

About VanEck AA-BB CLO ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for VanEck AA-BB CLO ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck AA-BB CLO ETF and related companies with MarketBeat.com's FREE daily email newsletter.