Short Interest in VanEck CLO ETF (NYSEARCA:CLOI) Expands By 694.5%

VanEck CLO ETF (NYSEARCA:CLOI) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 103,997 shares, a growth of 694.5% from the May 31st total of 13,090 shares. Based on an average trading volume of 140,713 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

VanEck CLO ETF Stock Up 0.0%

Shares of CLOI stock traded up $0.01 during trading on Friday, reaching $52.93. 148,656 shares of the company’s stock were exchanged, compared to its average volume of 218,677. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15. The firm’s fifty day moving average price is $52.83 and its 200-day moving average price is $52.80.

Hedge Funds Weigh In On VanEck CLO ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLOI. LPL Financial LLC raised its position in shares of VanEck CLO ETF by 26.1% in the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after purchasing an additional 419,749 shares during the period. Independence Asset Advisors LLC grew its stake 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. Capital Investment Advisors LLC grew its stake in VanEck CLO ETF by 9.0% in the 4th quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock valued at $82,581,000 after buying an additional 129,592 shares during the last quarter. Pinebridge Investments LLC bought a new position in VanEck CLO ETF in the 4th quarter valued at about $31,530,000. Finally, Sax Wealth Advisors LLC raised its holdings in VanEck CLO ETF by 36.2% in the 4th quarter. Sax Wealth Advisors LLC now owns 362,439 shares of the company’s stock valued at $19,140,000 after acquiring an additional 96,310 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.