Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Declines By 31.0%

VanEck CLO ETF (NYSEARCA:CLOI) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 48,802 shares, a drop of 31.0% from the February 12th total of 70,680 shares. Based on an average daily trading volume, of 156,449 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 156,449 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of VanEck CLO ETF

A number of institutional investors have recently bought and sold shares of CLOI. LPL Financial LLC increased its position in shares of VanEck CLO ETF by 26.1% in the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after buying an additional 419,749 shares in the last quarter. Independence Asset Advisors LLC raised its stake in shares of VanEck CLO ETF by 1.1% during the 4th quarter. Independence Asset Advisors LLC now owns 1,589,919 shares of the company’s stock worth $83,971,000 after buying an additional 17,203 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of VanEck CLO ETF by 9.0% in the 4th quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock worth $82,581,000 after buying an additional 129,592 shares in the last quarter. Pinebridge Investments LLC purchased a new stake in shares of VanEck CLO ETF in the 4th quarter worth about $31,530,000. Finally, Sax Wealth Advisors LLC grew its stake in VanEck CLO ETF by 36.2% in the 4th quarter. Sax Wealth Advisors LLC now owns 362,439 shares of the company’s stock valued at $19,140,000 after acquiring an additional 96,310 shares during the last quarter.

VanEck CLO ETF Trading Up 0.0%

CLOI stock opened at $52.51 on Monday. The firm has a 50 day moving average of $52.82 and a 200-day moving average of $52.89. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.15.

VanEck CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.2002 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.6%.

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.