VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Sees Significant Growth in Short Interest

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 22,009 shares, an increase of 958.6% from the August 31st total of 2,079 shares. Based on an average daily volume of 9,968 shares, the short-interest ratio is presently 2.2 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in shares of VanEck AA-BB CLO ETF by 82.2% in the first quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock worth $77,000 after purchasing an additional 695 shares during the last quarter. Ferguson Shapiro LLC raised its position in VanEck AA-BB CLO ETF by 16.9% during the 1st quarter. Ferguson Shapiro LLC now owns 8,640 shares of the company’s stock worth $432,000 after purchasing an additional 1,252 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in VanEck AA-BB CLO ETF by 2,074.2% during the 1st quarter. NewEdge Advisors LLC now owns 8,697 shares of the company’s stock worth $435,000 after buying an additional 8,297 shares during the period. Compass Financial Management LLC acquired a new position in VanEck AA-BB CLO ETF during the 2nd quarter worth about $684,000. Finally, Syon Capital LLC bought a new stake in shares of VanEck AA-BB CLO ETF in the 4th quarter valued at about $831,000.

VanEck AA-BB CLO ETF Stock Up 0.3%

NYSEARCA:CLOB traded up $0.13 during mid-day trading on Thursday, hitting $50.44. 201,568 shares of the company’s stock were exchanged, compared to its average volume of 16,289. The company has a 50 day simple moving average of $50.33 and a 200-day simple moving average of $50.27. VanEck AA-BB CLO ETF has a fifty-two week low of $49.28 and a fifty-two week high of $51.17.

About VanEck AA-BB CLO ETF

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.