VanEck CLO ETF (NYSEARCA:CLOI) Sees Unusually-High Trading Volume – What’s Next?

VanEck CLO ETF (NYSEARCA:CLOI) saw unusually-high trading volume on Monday . 196,647 shares changed hands during trading, a decline of 11% from the previous session’s volume of 222,018 shares.The stock last traded at $52.8950 and had previously closed at $52.88.

VanEck CLO ETF Price Performance

The stock has a 50-day moving average of $52.87 and a 200-day moving average of $52.78.

Institutional Investors Weigh In On VanEck CLO ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of VanEck CLO ETF during the 1st quarter worth approximately $32,000. FAS Wealth Partners Inc. grew its stake in VanEck CLO ETF by 38.8% in the first quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock worth $126,000 after purchasing an additional 668 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in VanEck CLO ETF by 15.9% during 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 period. Ascension Capital Advisors Inc. lifted its position in VanEck CLO ETF by 19.5% during 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 period. Finally, CWC Advisors LLC. grew its position in shares of VanEck CLO ETF by 0.7% in the 1st quarter. CWC Advisors LLC. now owns 132,906 shares of the company’s stock worth $7,004,000 after buying an additional 890 shares during the period.

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.