VanEck CLO ETF (NYSEARCA:CLOI) Short Interest Down 53.6% in July

VanEck CLO ETF (NYSEARCA:CLOI) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 138,033 shares, a decrease of 53.6% from the June 30th total of 297,228 shares. Based on an average daily volume of 207,482 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are short sold.

VanEck CLO ETF Price Performance

CLOI traded up $0.02 during trading on Tuesday, reaching $52.94. 144,689 shares of the stock were exchanged, compared to its average volume of 222,170. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15. The stock’s 50 day moving average price is $52.86 and its two-hundred day moving average price is $52.79.

Institutional Investors Weigh In On VanEck CLO ETF

Institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its stake in VanEck CLO ETF by 26.1% in the 4th quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after purchasing an additional 419,749 shares during the last quarter. Independence Asset Advisors LLC raised its stake in VanEck CLO ETF by 17.2% in the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after buying an additional 273,532 shares during the period. Pinebridge Investments LLC acquired a new stake in shares of VanEck CLO ETF in the fourth quarter valued at approximately $31,530,000. Sax Wealth Advisors LLC lifted its position in shares of VanEck CLO ETF by 11.3% in the second quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock valued at $21,117,000 after buying an additional 40,627 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of VanEck CLO ETF by 2.1% during the 4th quarter. HighTower Advisors LLC now owns 321,035 shares of the company’s stock worth $16,954,000 after acquiring an additional 6,703 shares during the period.

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.