VanEck CLO ETF (NYSEARCA:CLOI) Sees Strong Trading Volume – Here’s What Happened

VanEck CLO ETF (NYSEARCA:CLOI) shares saw unusually-strong trading volume on Monday. Approximately 487,851 shares changed hands during trading, an increase of 94% from the previous session’s volume of 251,247 shares. The stock last traded at $52.7950 and had previously closed at $52.78.

VanEck CLO ETF Trading Up 0.1%

The business has a 50-day moving average of $52.88 and a two-hundred day moving average of $52.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLOI. Independence Asset Advisors LLC raised its holdings in VanEck CLO ETF by 17.2% in the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after buying an additional 273,532 shares during the last quarter. Sax Wealth Advisors LLC increased its position in VanEck CLO ETF by 11.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock valued at $21,117,000 after acquiring an additional 40,627 shares during the period. Gradient Investments LLC increased its position in VanEck CLO ETF by 2.6% in the 2nd quarter. Gradient Investments LLC now owns 275,289 shares of the company’s stock valued at $14,577,000 after acquiring an additional 6,992 shares during the period. Axxcess Wealth Management LLC acquired a new position in VanEck CLO ETF in the 4th quarter valued at approximately $13,501,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in shares of VanEck CLO ETF during the fourth quarter valued at $11,967,000.

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.