Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Rises By 694.5%

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 103,997 shares, a growth of 694.5% from the May 31st total of 13,090 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 140,713 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On VanEck CLO ETF

A number of institutional investors have recently bought and sold shares of the stock. Trivium Point Advisory LLC raised its stake in VanEck CLO ETF by 1.7% during the third quarter. Trivium Point Advisory LLC now owns 16,644 shares of the company’s stock worth $884,000 after purchasing an additional 273 shares during the period. Wayfinding Financial LLC grew its stake in shares of VanEck CLO ETF by 0.6% during the 3rd quarter. Wayfinding Financial LLC now owns 54,820 shares of the company’s stock valued at $2,910,000 after buying an additional 316 shares during the period. Portside Wealth Group LLC grew its stake in shares of VanEck CLO ETF by 5.5% during the 4th quarter. Portside Wealth Group LLC now owns 6,593 shares of the company’s stock valued at $348,000 after buying an additional 345 shares during the period. Quest 10 Wealth Builders Inc. increased its holdings in shares of VanEck CLO ETF by 8.1% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 4,744 shares of the company’s stock worth $251,000 after buying an additional 354 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC increased its holdings in shares of VanEck CLO ETF by 0.7% during the 3rd quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock worth $2,803,000 after buying an additional 365 shares during the last quarter.

VanEck CLO ETF Price Performance

Shares of NYSEARCA:CLOI opened at $52.93 on Friday. The stock’s 50-day moving average price is $52.83 and its two-hundred day moving average price is $52.80. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15.

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.