VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 22,009 shares, a growth of 958.6% from the August 31st total of 2,079 shares. Based on an average trading volume of 9,968 shares, the short-interest ratio is presently 2.2 days. Currently, 0.6% of the shares of the company are short sold.
Institutional Investors Weigh In On VanEck AA-BB CLO ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new position in shares of VanEck AA-BB CLO ETF in the 2nd quarter valued at approximately $684,000. Ferguson Shapiro LLC boosted its position in shares of VanEck AA-BB CLO ETF by 3.7% during the 2nd quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock worth $452,000 after acquiring an additional 316 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of VanEck AA-BB CLO ETF by 2,074.2% during the 1st quarter. NewEdge Advisors LLC now owns 8,697 shares of the company’s stock worth $435,000 after acquiring an additional 8,297 shares in the last quarter. Royal Bank of Canada increased its stake in VanEck AA-BB CLO ETF by 108.2% in the first quarter. Royal Bank of Canada now owns 24,996 shares of the company’s stock valued at $1,249,000 after acquiring an additional 12,992 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in VanEck AA-BB CLO ETF by 82.2% in the first quarter. International Assets Investment Management LLC now owns 1,540 shares of the company’s stock valued at $77,000 after acquiring an additional 695 shares during the last quarter.
VanEck AA-BB CLO ETF Price Performance
NYSEARCA:CLOB traded down $0.04 during mid-day trading on Friday, reaching $50.40. 18,179 shares of the company’s stock were exchanged, compared to its average volume of 16,299. VanEck AA-BB CLO ETF has a one year low of $49.28 and a one year high of $51.17. The business’s fifty day simple moving average is $50.33 and its two-hundred day simple moving average is $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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