Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Declines By 76.7%

VanEck CLO ETF (NYSEARCA:CLOI) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 13,090 shares, a decrease of 76.7% from the May 14th total of 56,111 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 136,311 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trivium Point Advisory LLC lifted its position in VanEck CLO ETF by 1.7% during the third quarter. Trivium Point Advisory LLC now owns 16,644 shares of the company’s stock valued at $884,000 after purchasing an additional 273 shares during the period. Wayfinding Financial LLC lifted its position in VanEck CLO ETF by 0.6% during the third quarter. Wayfinding Financial LLC now owns 54,820 shares of the company’s stock valued at $2,910,000 after purchasing an additional 316 shares during the period. Portside Wealth Group LLC lifted its position in VanEck CLO ETF by 5.5% during the fourth quarter. Portside Wealth Group LLC now owns 6,593 shares of the company’s stock valued at $348,000 after purchasing an additional 345 shares during the period. Quest 10 Wealth Builders Inc. lifted its position in VanEck CLO ETF by 8.1% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 4,744 shares of the company’s stock valued at $251,000 after purchasing an additional 354 shares during the period. Finally, Mpwm Advisory Solutions LLC lifted its position in VanEck CLO ETF by 0.7% during the third quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock valued at $2,803,000 after purchasing an additional 365 shares during the period.

VanEck CLO ETF Stock Performance

Shares of VanEck CLO ETF stock opened at $52.83 on Wednesday. The company’s 50 day moving average is $52.74 and its 200 day moving average is $52.79. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15.

VanEck CLO ETF Company Profile

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.