Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Increases By 185.8%

VanEck CLO ETF (NYSEARCA:CLOI) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 297,228 shares, a growth of 185.8% from the June 15th total of 103,997 shares. Based on an average trading volume of 256,882 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC bought a new position in shares of VanEck CLO ETF during the third quarter valued at $11,647,000. AE Wealth Management LLC increased its position in shares of VanEck CLO ETF by 7.6% during the 4th quarter. AE Wealth Management LLC now owns 244,329 shares of the company’s stock worth $12,903,000 after purchasing an additional 17,325 shares in the last quarter. Galvin Gaustad & Stein LLC acquired a new stake in shares of VanEck CLO ETF during the 4th quarter worth about $1,385,000. Cathy Pareto & Associates Inc. lifted its holdings in VanEck CLO ETF by 70.1% during the 4th quarter. Cathy Pareto & Associates Inc. now owns 49,743 shares of the company’s stock valued at $2,627,000 after purchasing an additional 20,493 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in VanEck CLO ETF by 46,508.8% during the 4th quarter. Farther Finance Advisors LLC now owns 15,847 shares of the company’s stock valued at $837,000 after purchasing an additional 15,813 shares during the last quarter.

VanEck CLO ETF Price Performance

VanEck CLO ETF stock traded up $0.10 during mid-day trading on Monday, reaching $52.83. The company had a trading volume of 107,622 shares, compared to its average volume of 225,252. VanEck CLO ETF has a 52 week low of $52.36 and a 52 week high of $53.15. The company has a 50 day moving average of $52.85 and a 200-day moving average of $52.79.

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.