Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Decreases By 77.0%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 2,709 shares, a decrease of 77.0% from the January 29th total of 11,770 shares. Based on an average trading volume of 17,325 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 17,325 shares, the short-interest ratio is currently 0.2 days.

VanEck AA-BB CLO ETF Stock Down 0.1%

VanEck AA-BB CLO ETF stock traded down $0.04 during trading hours on Thursday, hitting $50.49. The company had a trading volume of 32,155 shares, compared to its average volume of 25,616. The firm has a 50-day moving average of $50.78 and a 200 day moving average of $50.83. 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 firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.238 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck AA-BB CLO ETF during the 3rd quarter worth $41,000. International Assets Investment Management LLC acquired a new stake in VanEck AA-BB CLO ETF in the fourth quarter valued at approximately $43,000. Tower Research Capital LLC TRC acquired a new position in shares of VanEck AA-BB CLO ETF during the second quarter worth $84,000. Osaic Holdings Inc. acquired a new stake in shares of VanEck AA-BB CLO ETF during the 2nd quarter valued at $206,000. Finally, EP Wealth Advisors LLC bought a new stake in VanEck AA-BB CLO ETF during the 2nd quarter worth $336,000.

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.