VanEck CLO ETF (NYSEARCA:CLOI) Shares Shorted: Short Interest Up 410.2% in September

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 307,474 shares, a growth of 410.2% from the August 31st total of 60,263 shares. Based on an average daily trading volume, of 340,026 shares, the short-interest ratio is currently 0.9 days. Approximately 1.0% of the shares of the company are sold short.

VanEck CLO ETF Price Performance

Shares of CLOI opened at $52.94 on Friday. The firm has a fifty day moving average of $52.89 and a 200-day moving average of $52.80. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in shares of VanEck CLO ETF during the first quarter valued at approximately $32,000. Tucker Asset Management LLC grew its holdings in VanEck CLO ETF by 1,651.2% in the 2nd quarter. Tucker Asset Management LLC now owns 1,506 shares of the company’s stock worth $80,000 after buying an additional 1,420 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in VanEck CLO ETF in the 2nd quarter worth approximately $97,000. FAS Wealth Partners Inc. increased its position in VanEck CLO ETF by 38.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock valued at $126,000 after acquiring an additional 668 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in VanEck CLO ETF in the 2nd quarter valued at approximately $197,000.

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.