VanEck CLO ETF (NYSEARCA:CLOI) Sees Unusually-High Trading Volume – Should You Buy?

VanEck CLO ETF (NYSEARCA:CLOI) saw unusually-strong trading volume on Tuesday . Approximately 468,243 shares changed hands during 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 business has a 50-day simple moving average of $52.99 and a two-hundred day simple moving average of $52.97.

Hedge Funds Weigh In On VanEck CLO ETF

A number of large investors have recently bought and sold shares of the company. Beam Wealth Advisors Inc. increased its stake in shares of VanEck CLO ETF by 1.7% during 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 during the period. FAS Wealth Partners Inc. boosted its holdings 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 purchasing an additional 241 shares in the last quarter. Strategic Blueprint LLC increased its position in VanEck CLO ETF by 3.3% during the 4th quarter. Strategic Blueprint LLC now owns 7,624 shares of the company’s stock worth $402,000 after purchasing an additional 243 shares during the period. Stonebridge Financial Planning Group LLC raised its stake in shares of VanEck CLO ETF by 3.9% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 7,917 shares of the company’s stock worth $418,000 after buying an additional 300 shares in the last quarter. Finally, Balboa Wealth Partners lifted its holdings in shares of VanEck CLO ETF by 5.6% in the 4th quarter. Balboa Wealth Partners now owns 6,682 shares of the company’s stock valued at $353,000 after buying an additional 356 shares during the period.

About VanEck CLO ETF

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.