VanEck AA-BB CLO ETF (NYSEARCA:CLOB) Sees Large Growth in Short Interest

VanEck AA-BB CLO ETF (NYSEARCA:CLOB) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 25,070 shares, an increase of 19.5% from the December 15th total of 20,983 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 15,925 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 15,925 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck AA-BB CLO ETF

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in VanEck AA-BB CLO ETF by 31.9% during the first quarter. Jane Street Group LLC now owns 70,403 shares of the company’s stock worth $3,567,000 after purchasing an additional 17,022 shares during the period. Independence Asset Advisors LLC lifted its position in shares of VanEck AA-BB CLO ETF by 5,087.4% in the second quarter. Independence Asset Advisors LLC now owns 389,057 shares of the company’s stock valued at $19,771,000 after buying an additional 381,557 shares during the last quarter. L & S Advisors Inc boosted its stake in shares of VanEck AA-BB CLO ETF by 91.3% during the 2nd quarter. L & S Advisors Inc now owns 34,703 shares of the company’s stock worth $1,764,000 after acquiring an additional 16,567 shares during the period. Darwin Wealth Management LLC bought a new stake in VanEck AA-BB CLO ETF in the 2nd quarter valued at $7,755,000. Finally, EP Wealth Advisors LLC acquired a new stake in VanEck AA-BB CLO ETF during the 2nd quarter valued at $336,000.

VanEck AA-BB CLO ETF Stock Performance

Shares of CLOB opened at $50.90 on Wednesday. The company’s fifty day simple moving average is $50.84 and its 200 day simple moving average is $50.82. VanEck AA-BB CLO ETF has a 1-year low of $45.00 and a 1-year high of $51.17.

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.