VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Stock Short Interest Rises 958.6%

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 22,009 shares, an increase of 958.6% from the August 31st total of 2,079 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 9,968 shares, the short-interest ratio is currently 2.2 days.

VanEck AA-BB CLO ETF Trading Up 0.3%

CLOB traded up $0.13 during midday trading on Thursday, hitting $50.44. The company had a trading volume of 201,568 shares, compared to its average volume of 16,289. VanEck AA-BB CLO ETF has a twelve month low of $49.28 and a twelve month high of $51.17. The firm’s 50-day simple moving average is $50.33 and its 200-day simple moving average is $50.27.

Institutional Trading of VanEck AA-BB CLO ETF

A number of institutional investors have recently bought and sold shares of the business. Ferguson Shapiro LLC boosted its stake in VanEck AA-BB CLO ETF by 3.7% in the second 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. International Assets Investment Management LLC raised its stake 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 worth $77,000 after acquiring an additional 695 shares in the last quarter. NewEdge Advisors LLC raised its stake 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 worth $435,000 after acquiring an additional 8,297 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of VanEck AA-BB CLO ETF by 108.2% in the first quarter. Royal Bank of Canada now owns 24,996 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,992 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of VanEck AA-BB CLO ETF in the second quarter worth about $684,000.

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.