VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Short Interest Down 79.7% in May

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,986 shares, a decrease of 79.7% from the April 30th total of 29,467 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 11,052 shares, the days-to-cover ratio is currently 0.5 days.

VanEck AA-BB CLO ETF Stock Performance

VanEck AA-BB CLO ETF stock remained flat at $50.59 during trading hours on Friday. 10,093 shares of the company’s stock were exchanged, compared to its average volume of 18,010. VanEck AA-BB CLO ETF has a 52 week low of $49.28 and a 52 week high of $51.17. The company’s 50-day moving average price is $50.20 and its 200 day moving average price is $50.50.

Hedge Funds Weigh In On VanEck AA-BB CLO ETF

A number of large investors have recently bought and sold shares of the company. Independence Asset Advisors LLC raised its position in VanEck AA-BB CLO ETF by 1.8% during the 1st quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock worth $45,575,000 after buying an additional 16,237 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of VanEck AA-BB CLO ETF by 187.3% in the 2nd quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock valued at $10,281,000 after purchasing an additional 131,895 shares in the last quarter. Darwin Wealth Management LLC increased its holdings in shares of VanEck AA-BB CLO ETF by 2.0% in the 4th quarter. Darwin Wealth Management LLC now owns 159,453 shares of the company’s stock valued at $8,079,000 after purchasing an additional 3,119 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of VanEck AA-BB CLO ETF in the 4th quarter valued at about $8,031,000. Finally, L & S Advisors Inc increased its holdings in shares of VanEck AA-BB CLO ETF by 320.8% in the 4th quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock valued at $7,116,000 after purchasing an additional 107,073 shares in the last quarter.

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.