Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Increases By 78.5%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 12,579 shares, an increase of 78.5% from the July 15th total of 7,046 shares. Based on an average trading volume of 23,144 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

VanEck AA-BB CLO ETF Stock Performance

CLOB remained flat at $50.29 during trading on Monday. The company had a trading volume of 4,609 shares, compared to its average volume of 16,345. The firm’s fifty day moving average price is $50.36 and its 200-day moving average price is $50.32. VanEck AA-BB CLO ETF has a 52-week low of $49.28 and a 52-week high of $51.17.

Institutional Investors Weigh In On VanEck AA-BB CLO ETF

Several institutional investors have recently made changes to their positions in CLOB. Ferguson Shapiro LLC grew its stake in shares of VanEck AA-BB CLO ETF by 3.7% in the 2nd quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock valued at $452,000 after buying an additional 316 shares in the last quarter. NewEdge Advisors LLC raised its position in VanEck AA-BB CLO ETF by 2,074.2% during the first quarter. NewEdge Advisors LLC now owns 8,697 shares of the company’s stock valued at $435,000 after acquiring an additional 8,297 shares in the last quarter. Royal Bank of Canada raised its position in VanEck AA-BB CLO ETF by 108.2% during the first quarter. Royal Bank of Canada now owns 24,996 shares of the company’s stock valued at $1,249,000 after acquiring an additional 12,992 shares in the last quarter. International Assets Investment Management LLC raised its position in VanEck AA-BB CLO ETF by 82.2% during the first quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock valued at $77,000 after acquiring an additional 695 shares in the last quarter. Finally, Independence Asset Advisors LLC lifted its stake in VanEck AA-BB CLO ETF by 1.8% in the first quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock valued at $45,575,000 after acquiring an additional 16,237 shares during the last quarter.

About VanEck AA-BB CLO ETF

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.