VanEck CLO ETF (NYSEARCA:CLOI) Sees Large Volume Increase – Here’s What Happened

VanEck CLO ETF (NYSEARCA:CLOI) shares saw unusually-strong trading volume on Tuesday . 540,716 shares were traded during mid-day trading, an increase of 135% from the previous session’s volume of 230,415 shares.The stock last traded at $52.94 and had previously closed at $52.93.

VanEck CLO ETF Trading Down 0.0%

The firm’s 50 day moving average price is $52.88 and its two-hundred day moving average price is $52.79.

Institutional Trading of VanEck CLO ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new position in shares of VanEck CLO ETF in the 2nd quarter valued at approximately $2,851,000. Integrated Wealth Concepts LLC purchased a new stake in shares of VanEck CLO ETF during the second quarter worth approximately $97,000. RFG Advisory LLC acquired a new stake in shares of VanEck CLO ETF during the second quarter worth $434,000. IFP Advisors Inc lifted its holdings in shares of VanEck CLO ETF by 154.3% during the second quarter. IFP Advisors Inc now owns 18,159 shares of the company’s stock worth $962,000 after purchasing an additional 11,019 shares during the period. Finally, Waverly Advisors LLC grew its position in VanEck CLO ETF by 4.8% in the 2nd quarter. Waverly Advisors LLC now owns 19,869 shares of the company’s stock valued at $1,052,000 after buying an additional 909 shares during the last quarter.

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.