VanEck CLO ETF (NYSEARCA:CLOI) Sees Large Drop in Short Interest

VanEck CLO ETF (NYSEARCA:CLOI) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 54,360 shares, a decline of 58.8% from the December 15th total of 131,951 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 195,384 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 195,384 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On VanEck CLO ETF

A number of institutional investors have recently bought and sold shares of CLOI. Symphony Financial Ltd. Co. grew its holdings in VanEck CLO ETF by 2.0% during the third quarter. Symphony Financial Ltd. Co. now owns 12,383 shares of the company’s stock valued at $657,000 after purchasing an additional 238 shares during the period. Arkadios Wealth Advisors lifted its position in shares of VanEck CLO ETF by 4.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock valued at $278,000 after buying an additional 243 shares in the last quarter. Trivium Point Advisory LLC grew its stake in shares of VanEck CLO ETF by 1.7% during the 3rd quarter. Trivium Point Advisory LLC now owns 16,644 shares of the company’s stock valued at $884,000 after acquiring an additional 273 shares during the period. Wayfinding Financial LLC grew its stake in shares of VanEck CLO ETF by 0.6% during the 3rd quarter. Wayfinding Financial LLC now owns 54,820 shares of the company’s stock valued at $2,910,000 after acquiring an additional 316 shares during the period. Finally, Wealth Watch Advisors INC increased its holdings in VanEck CLO ETF by 5.6% in the 2nd quarter. Wealth Watch Advisors INC now owns 6,012 shares of the company’s stock worth $318,000 after acquiring an additional 319 shares in the last quarter.

VanEck CLO ETF Stock Up 0.0%

CLOI stock traded up $0.01 during midday trading on Wednesday, reaching $52.82. 135,295 shares of the company’s stock traded hands, compared to its average volume of 400,911. VanEck CLO ETF has a 52-week low of $50.12 and a 52-week high of $53.20. The stock’s 50-day moving average is $52.88 and its 200 day moving average is $52.92.

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.