VanEck CLO ETF (NYSEARCA:CLOI) Sees Large Volume Increase – Time to Buy?

Shares of VanEck CLO ETF (NYSEARCA:CLOI) saw an uptick in trading volume on Thursday . 464,738 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 222,938 shares.The stock last traded at $52.97 and had previously closed at $52.96.

VanEck CLO ETF Trading Down 0.0%

The company has a fifty day moving average price of $52.87 and a two-hundred day moving average price of $52.79.

Institutional Investors Weigh In On VanEck CLO ETF

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in shares of VanEck CLO ETF in the 1st quarter valued at about $32,000. Wells Fargo & Company MN acquired a new stake in shares of VanEck CLO ETF in the fourth quarter valued at approximately $37,000. Raleigh Capital Management Inc. bought a new stake in shares of VanEck CLO ETF in the fourth quarter worth $43,000. NBC Securities Inc. acquired a new position in VanEck CLO ETF during the fourth quarter worth $61,000. Finally, Capital Investment Advisory Services LLC acquired a new position in VanEck CLO ETF during the fourth quarter worth $68,000.

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.