Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Expands By 607.7%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 12,378 shares, an increase of 607.7% from the February 26th total of 1,749 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 14,576 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

Institutional investors have recently bought and sold shares of the business. Axxcess Wealth Management LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter worth about $7,995,000. Osaic Holdings Inc. raised its holdings in VanEck AA-BB CLO ETF by 69.8% in the 4th quarter. Osaic Holdings Inc. now owns 7,641 shares of the company’s stock valued at $387,000 after acquiring an additional 3,140 shares during the period. Summit Financial LLC raised its holdings in VanEck AA-BB CLO ETF by 20.7% in the 4th quarter. Summit Financial LLC now owns 9,475 shares of the company’s stock valued at $480,000 after acquiring an additional 1,622 shares during the period. Employees Retirement Fund of the City of Fort Worth acquired a new stake in VanEck AA-BB CLO ETF during the fourth quarter worth approximately $1,986,000. Finally, Syon Capital LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the fourth quarter worth approximately $831,000.

VanEck AA-BB CLO ETF Stock Performance

CLOB stock traded down $0.20 during trading hours on Thursday, reaching $49.86. The stock had a trading volume of 15,679 shares, compared to its average volume of 23,036. The stock has a 50-day simple moving average of $50.44 and a 200 day simple moving average of $50.71. VanEck AA-BB CLO ETF has a fifty-two week low of $45.00 and a fifty-two week high of $51.17.

VanEck AA-BB CLO ETF Cuts Dividend

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

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.