VanEck CLO ETF (NYSEARCA:CLOI) Stock Short Interest Climbs 410.2%
by Teresa Graham · The Cerbat GemVanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 307,474 shares, an increase of 410.2% from the August 31st total of 60,263 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 340,026 shares, the days-to-cover ratio is currently 0.9 days.
VanEck CLO ETF Price Performance
NYSEARCA:CLOI remained flat at $52.93 during midday trading on Friday. 202,302 shares of the company were exchanged, compared to its average volume of 248,093. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.15. The firm has a 50-day moving average price of $52.89 and a 200-day moving average price of $52.80.
Institutional Trading of VanEck CLO ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in VanEck CLO ETF during the 1st quarter worth $32,000. FAS Wealth Partners Inc. increased its position in VanEck CLO ETF by 38.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock valued at $126,000 after buying an additional 668 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in VanEck CLO ETF by 15.9% in the second quarter. Redhawk Wealth Advisors Inc. now owns 5,603 shares of the company’s stock valued at $297,000 after buying an additional 768 shares during the last quarter. Ascension Capital Advisors Inc. raised its stake in VanEck CLO ETF by 19.5% in the first quarter. Ascension Capital Advisors Inc. now owns 4,780 shares of the company’s stock valued at $252,000 after buying an additional 781 shares during the last quarter. Finally, CWC Advisors LLC. raised its stake in VanEck CLO ETF by 0.7% in the first quarter. CWC Advisors LLC. now owns 132,906 shares of the company’s stock valued at $7,004,000 after buying an additional 890 shares during the last quarter.
About VanEck CLO ETF
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.