Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Declines By 66.6%

VanEck CLO ETF (NYSEARCA:CLOI) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 46,128 shares, a drop of 66.6% from the July 15th total of 138,033 shares. Based on an average daily trading volume, of 198,996 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

VanEck CLO ETF Stock Performance

Shares of VanEck CLO ETF stock opened at $52.87 on Friday. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15. The company’s 50 day moving average is $52.86 and its 200 day moving average is $52.79.

Hedge Funds Weigh In On VanEck CLO ETF

Several institutional investors and hedge funds have recently bought and sold shares of CLOI. Pinebridge Investments LLC purchased a new position in VanEck CLO ETF during the fourth quarter valued at approximately $31,530,000. LPL Financial LLC boosted its position in shares of VanEck CLO ETF by 26.1% during the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock worth $107,077,000 after acquiring an additional 419,749 shares during the last quarter. Independence Asset Advisors LLC lifted its stake in VanEck CLO ETF by 17.2% in the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after purchasing an additional 273,532 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of VanEck CLO ETF in the fourth quarter worth about $13,582,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck CLO ETF during the 2nd quarter valued at approximately $13,048,000.

About VanEck CLO ETF

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.