VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Update

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 11,770 shares, a decline of 78.1% from the January 15th total of 53,636 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 25,479 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 25,479 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CLOB. Independence Asset Advisors LLC grew its position in VanEck AA-BB CLO ETF by 126.7% during the 3rd quarter. Independence Asset Advisors LLC now owns 882,028 shares of the company’s stock valued at $44,971,000 after purchasing an additional 492,971 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of VanEck AA-BB CLO ETF in the fourth quarter worth approximately $8,031,000. Darwin Wealth Management LLC purchased a new stake in shares of VanEck AA-BB CLO ETF during the second quarter valued at approximately $7,755,000. Jane Street Group LLC grew its holdings in shares of VanEck AA-BB CLO ETF by 187.3% during the second quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock valued at $10,281,000 after buying an additional 131,895 shares during the last quarter. Finally, L & S Advisors Inc increased its position in shares of VanEck AA-BB CLO ETF by 320.8% during the fourth quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock valued at $7,116,000 after acquiring an additional 107,073 shares in the last quarter.

VanEck AA-BB CLO ETF Stock Up 0.1%

NYSEARCA CLOB traded up $0.04 during trading on Tuesday, hitting $50.73. The company had a trading volume of 3,993 shares, compared to its average volume of 19,866. The company’s fifty day moving average is $50.82 and its 200-day moving average is $50.84. VanEck AA-BB CLO ETF has a one year low of $45.00 and a one year high of $51.17.

VanEck AA-BB CLO ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.238 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, February 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.