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

VanEck AA-BB CLO ETF (NYSEARCA:CLOBGet Free Report) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 2,709 shares, a decline of 77.0% from the January 29th total of 11,770 shares. Based on an average daily trading volume, of 17,325 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,325 shares, the days-to-cover ratio is currently 0.2 days.

VanEck AA-BB CLO ETF Stock Down 0.9%

NYSEARCA CLOB traded down $0.47 during trading hours on Friday, reaching $50.10. The company’s stock had a trading volume of 78,268 shares, compared to its average volume of 27,484. VanEck AA-BB CLO ETF has a 1 year low of $45.00 and a 1 year high of $51.17. The firm’s 50-day moving average price is $50.75 and its 200-day moving average price is $50.82.

VanEck AA-BB CLO ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.238 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

Several institutional investors have recently bought and sold shares of CLOB. Independence Asset Advisors LLC increased its stake in VanEck AA-BB CLO ETF by 126.7% during the third quarter. Independence Asset Advisors LLC now owns 882,028 shares of the company’s stock worth $44,971,000 after acquiring an additional 492,971 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in VanEck AA-BB CLO ETF during the 4th quarter valued at $8,031,000. Darwin Wealth Management LLC bought a new stake in VanEck AA-BB CLO ETF in the second quarter worth $7,755,000. Jane Street Group LLC lifted its position in VanEck AA-BB CLO ETF by 187.3% in the second quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock worth $10,281,000 after buying an additional 131,895 shares during the last quarter. Finally, L & S Advisors Inc boosted its stake in 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 worth $7,116,000 after buying an additional 107,073 shares during the period.

About VanEck AA-BB CLO ETF

(Get Free Report)

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.

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