VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,079 shares, a decrease of 90.9% from the August 15th total of 22,844 shares. Based on an average daily volume of 9,527 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Hedge Funds Weigh In On VanEck AA-BB CLO ETF
Several hedge funds have recently bought and sold shares of the company. Independence Asset Advisors LLC grew its stake in VanEck AA-BB CLO ETF by 1.8% in 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of VanEck AA-BB CLO ETF by 187.3% during the 2nd quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock worth $10,281,000 after acquiring an additional 131,895 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter worth $8,031,000. Darwin Wealth Management LLC purchased a new position in VanEck AA-BB CLO ETF in the second quarter worth $7,755,000. Finally, L & S Advisors Inc grew its position in VanEck AA-BB CLO ETF by 320.8% in the fourth quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock worth $7,116,000 after acquiring an additional 107,073 shares in the last quarter.
VanEck AA-BB CLO ETF Price Performance
NYSEARCA:CLOB traded down $0.11 on Thursday, reaching $50.15. 12,660 shares of the company’s stock were exchanged, compared to its average volume of 15,728. VanEck AA-BB CLO ETF has a 52 week low of $49.28 and a 52 week high of $51.17. The stock has a fifty day simple moving average of $50.33 and a 200-day simple moving average of $50.27.
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.
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