VanEck CLO ETF (NYSEARCA:CLOI) Sees Strong Trading Volume – Here’s Why

VanEck CLO ETF (NYSEARCA:CLOI) shares saw strong trading volume on Tuesday . 468,243 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 239,115 shares.The stock last traded at $52.89 and had previously closed at $52.90.

VanEck CLO ETF Stock Performance

The stock has a 50-day simple moving average of $52.99 and a 200-day simple moving average of $52.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CLOI. Beam Wealth Advisors Inc. increased its position in shares of VanEck CLO ETF by 1.7% in the third quarter. Beam Wealth Advisors Inc. now owns 13,196 shares of the company’s stock worth $700,000 after acquiring an additional 223 shares in the last quarter. FAS Wealth Partners Inc. boosted its position in VanEck CLO ETF by 27.9% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,104 shares of the company’s stock worth $58,000 after purchasing an additional 241 shares during the period. Strategic Blueprint LLC increased its holdings in VanEck CLO ETF by 3.3% in the 4th quarter. Strategic Blueprint LLC now owns 7,624 shares of the company’s stock valued at $402,000 after purchasing an additional 243 shares in the last quarter. Stonebridge Financial Planning Group LLC raised its position in VanEck CLO ETF by 3.9% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 7,917 shares of the company’s stock valued at $418,000 after purchasing an additional 300 shares during the period. Finally, Balboa Wealth Partners raised its position in VanEck CLO ETF by 5.6% in the fourth quarter. Balboa Wealth Partners now owns 6,682 shares of the company’s stock valued at $353,000 after purchasing an additional 356 shares during the period.

VanEck CLO ETF Company Profile

The VanEck CLO ETF (CLOI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in collateralized loan obligations (CLOs) of any maturity. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency.