VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,986 shares, a drop of 79.7% from the April 30th total of 29,467 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 11,052 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Independence Asset Advisors LLC boosted its position in VanEck AA-BB CLO ETF by 1.8% in the first quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock valued at $45,575,000 after buying an additional 16,237 shares during the last quarter. Jane Street Group LLC lifted its position in VanEck AA-BB CLO ETF by 187.3% during the second 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 during the period. Darwin Wealth Management LLC grew its position in VanEck AA-BB CLO ETF by 2.0% during the 4th quarter. Darwin Wealth Management LLC now owns 159,453 shares of the company’s stock worth $8,079,000 after purchasing an additional 3,119 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of VanEck AA-BB CLO ETF during the 4th quarter valued at about $8,031,000. Finally, L & S Advisors Inc raised its stake in shares of VanEck AA-BB CLO ETF by 320.8% during the 4th quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock valued at $7,116,000 after buying an additional 107,073 shares during the last quarter.
VanEck AA-BB CLO ETF Trading Down 0.1%
CLOB traded down $0.03 during trading on Friday, reaching $50.56. 9,748 shares of the company traded hands, compared to its average volume of 17,998. The firm has a fifty day simple moving average of $50.18 and a 200 day simple moving average of $50.50. VanEck AA-BB CLO ETF has a 12-month low of $49.28 and a 12-month high of $51.17.
VanEck AA-BB CLO ETF Company Profile
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.
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