VanEck CLO ETF (NYSEARCA:CLOI) Sees Unusually-High Trading Volume – Still a Buy?

VanEck CLO ETF (NYSEARCA:CLOI) shares saw an uptick in trading volume on Wednesday . 163,677 shares changed hands during trading, an increase of 10% from the previous session’s volume of 148,318 shares.The stock last traded at $52.70 and had previously closed at $52.88.

VanEck CLO ETF Stock Down 0.2 %

The business’s 50-day moving average is $52.95 and its two-hundred day moving average is $52.96.

Institutional Trading of VanEck CLO ETF

Several institutional investors and hedge funds have recently made changes to their positions in CLOI. FWL Investment Management LLC acquired a new position in VanEck CLO ETF during the fourth quarter worth approximately $52,000. Transce3nd LLC purchased a new position in shares of VanEck CLO ETF during the fourth quarter worth approximately $57,000. FAS Wealth Partners Inc. increased its holdings in shares of VanEck CLO ETF by 27.9% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,104 shares of the company’s stock valued at $58,000 after acquiring an additional 241 shares during the period. GeoWealth Management LLC purchased a new stake in VanEck CLO ETF in the 4th quarter valued at $61,000. Finally, Kiker Wealth Management LLC acquired a new stake in VanEck CLO ETF during the 4th quarter worth $73,000.

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.