VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Up 607.7% in March

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 12,378 shares, a growth of 607.7% from the February 26th total of 1,749 shares. Based on an average daily trading volume, of 14,576 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,576 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On VanEck AA-BB CLO ETF

Hedge funds have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the 3rd quarter valued at approximately $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 stake in VanEck AA-BB CLO ETF in the second quarter valued at approximately $84,000. Osaic Holdings Inc. bought a new stake in shares of VanEck AA-BB CLO ETF during the second quarter worth $206,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the second quarter worth $336,000.

VanEck AA-BB CLO ETF Stock Performance

Shares of CLOB stock opened at $49.96 on Wednesday. The business has a fifty day simple moving average of $50.45 and a 200 day simple moving average of $50.71. VanEck AA-BB CLO ETF has a twelve month low of $45.00 and a twelve month high of $51.17.

VanEck AA-BB CLO ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.2321 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.6%.

About VanEck AA-BB CLO ETF

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.