Short Interest in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Expands By 81.6%

by · The Markets Daily

VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 22,844 shares, an increase of 81.6% from the July 30th total of 12,579 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 14,390 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of VanEck AA-BB CLO ETF

Several large investors have recently made changes to their positions in the company. Independence Asset Advisors LLC lifted its stake in VanEck AA-BB CLO ETF by 1.8% during the first quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock worth $45,575,000 after purchasing an additional 16,237 shares during the last quarter. Jane Street Group LLC increased its stake in shares of VanEck AA-BB CLO ETF by 187.3% in the 2nd 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 last quarter. Axxcess Wealth Management LLC acquired a new position in shares of VanEck AA-BB CLO ETF during the 4th quarter worth $8,031,000. Darwin Wealth Management LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the 2nd quarter worth $7,755,000. Finally, L & S Advisors Inc lifted its position 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 worth $7,116,000 after buying an additional 107,073 shares during the last quarter.

VanEck AA-BB CLO ETF Trading Up 0.1%

CLOB traded up $0.04 on Friday, hitting $50.53. 3,080 shares of the stock were exchanged, compared to its average volume of 15,972. VanEck AA-BB CLO ETF has a 12 month low of $49.28 and a 12 month high of $51.17. The business has a 50-day moving average of $50.35 and a two-hundred day moving average of $50.29.

VanEck AA-BB CLO ETF Company Profile

(Get Free Report)

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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