VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 11,239 shares, a growth of 78.5% from the May 31st total of 6,298 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,085 shares, the days-to-cover ratio is presently 1.2 days.
VanEck AA-BB CLO ETF Price Performance
NYSEARCA:CLOB opened at $50.26 on Friday. VanEck AA-BB CLO ETF has a 1 year low of $49.28 and a 1 year high of $51.17. The stock’s 50 day simple moving average is $50.44 and its two-hundred day simple moving average is $50.43.
Institutional Investors Weigh In On VanEck AA-BB CLO ETF
Several large investors have recently bought and sold shares of CLOB. Independence Asset Advisors LLC grew its stake in shares of VanEck AA-BB CLO ETF by 1.5% in the 4th quarter. Independence Asset Advisors LLC now owns 895,536 shares of the company’s stock worth $45,375,000 after buying an additional 13,508 shares in the last quarter. Syon Capital LLC bought a new stake in shares of VanEck AA-BB CLO ETF in the 4th quarter worth about $831,000. Employees Retirement Fund of the City of Fort Worth purchased a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter valued at about $1,986,000. Diversified Portfolios Inc. purchased a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter valued at about $827,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter valued at about $8,031,000.
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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