VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Sees Significant Drop in Short Interest

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,079 shares, a decline of 90.9% from the August 15th total of 22,844 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,527 shares, the short-interest ratio is currently 0.2 days.

VanEck AA-BB CLO ETF Price Performance

NYSEARCA CLOB traded up $0.10 on Friday, hitting $50.25. The stock had a trading volume of 3,397 shares, compared to its average volume of 15,657. The company’s 50-day moving average is $50.33 and its two-hundred day moving average is $50.27. VanEck AA-BB CLO ETF has a one year low of $49.28 and a one year high of $51.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ferguson Shapiro LLC grew its holdings in VanEck AA-BB CLO ETF by 3.7% during the second quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock worth $452,000 after acquiring an additional 316 shares during the period. International Assets Investment Management LLC raised its position in VanEck AA-BB CLO ETF by 82.2% in the first quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock worth $77,000 after acquiring an additional 695 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in VanEck AA-BB CLO ETF in the 3rd quarter valued at about $41,000. Summit Financial LLC lifted its holdings in VanEck AA-BB CLO ETF by 20.7% in the 4th quarter. Summit Financial LLC now owns 9,475 shares of the company’s stock valued at $480,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of VanEck AA-BB CLO ETF during the 2nd quarter valued at about $84,000.

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.