VanEck CLO ETF (NYSEARCA:CLOI) Sees Unusually-High Trading Volume – What’s Next?

VanEck CLO ETF (NYSEARCA:CLOI) shares saw strong trading volume on Wednesday . 163,677 shares traded hands during trading, an increase of 10% from the previous session’s volume of 148,318 shares.The stock last traded at $52.70 and had previously closed at $52.88.

VanEck CLO ETF Stock Down 0.3 %

The company has a 50 day moving average of $52.97 and a two-hundred day moving average of $52.96.

Institutional Investors Weigh In On VanEck CLO ETF

A number of institutional investors have recently added to or reduced their stakes in CLOI. FWL Investment Management LLC purchased a new position in VanEck CLO ETF during the fourth quarter valued at $52,000. Transce3nd LLC acquired a new position in shares of VanEck CLO ETF during the 4th quarter worth about $57,000. FAS Wealth Partners Inc. lifted its stake in VanEck CLO ETF by 27.9% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,104 shares of the company’s stock valued at $58,000 after buying an additional 241 shares in the last quarter. GeoWealth Management LLC purchased a new position in VanEck CLO ETF in the 4th quarter valued at about $61,000. Finally, Kiker Wealth Management LLC purchased a new stake in VanEck CLO ETF during the 4th quarter worth approximately $73,000.

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.