Shares of VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) saw an uptick in trading volume on Monday . 170,779 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 218,677 shares.The stock last traded at $52.94 and had previously closed at $52.92.
VanEck CLO ETF Stock Up 0.0%
The business’s 50 day moving average price is $52.84 and its 200-day moving average price is $52.80.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in VanEck CLO ETF during the first quarter valued at approximately $32,000. Wells Fargo & Company MN bought a new stake in shares of VanEck CLO ETF in the 4th quarter valued at approximately $37,000. Raleigh Capital Management Inc. acquired a new position in shares of VanEck CLO ETF in the 4th quarter worth approximately $43,000. NBC Securities Inc. acquired a new position in shares of VanEck CLO ETF in the 4th quarter worth approximately $61,000. Finally, Capital Investment Advisory Services LLC bought a new position in shares of VanEck CLO ETF during the 4th quarter worth approximately $68,000.
About VanEck CLO ETF
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.
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