CLOI bid-ask spread and liquidity

VanEck CLO ETF
BondsVanEck$1.8bn net assets0.29% fee
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As of Oct 21, 2026, CLOI closed −0.02% from its NAV, and on 95% of the 247 days to then it was within ±0.17%.

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Ask IQ about CLOI bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

3 of 6 measured · Oct 21, 2026
·
Not scored
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: a fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund trades, not whether to own it. Method →

Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Not measured · its holdings are bonds, which have no volume source here
·
Price fidelity
95% of days within ±0.17% of NAV, 247 days to Oct 21, 2026
100.0
Primary market
7 active dealers of 39; largest 23% of creations and redemptions, N-CEN to Dec 31, 2025
85.0
Bad-day behaviour
Premium 1× normal on the 10 worst S&P 500 days, to Oct 21, 2026
100.0
Depth
Not measured · needs trade and quote data (Phase 2)
·

Premium or discount to value

Daily, 247 days to Oct 21, 2026 · the ±1% band marked
CLOI premium or discount to NAV, 247 days+1%0−1%Oct 22, 2025Oct 21, 2026
Latest close, Oct 21
−0.02%
95% of days within
±0.17%
Days more than 1% from NAV
0 of 247
Widest
+0.23%, Mar 3, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ.

Capacity

What the holdings can absorb a day

Not measured: its holdings are bonds, which have no volume source here.

Dealers

Authorized participants · N-CEN, the year to Dec 31, 2025
Active dealers
7
of 39 authorized
Largest
23%
of creations and redemptions
One dealer
No
7 active

7 of 39 authorized participants created or redeemed CLOI shares in the year to Dec 31, 2025. From the fund’s Form N-CEN, filed Mar 13, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: J.P. Morgan Securities LLC (23.4%), Jane Street Capital, LLC (19.6%), Goldman Sachs & Co. LLC (19.6%), Merrill Lynch Professional Clearing Corp. (19.5%), Virtu Americas LLC (7.2%), RBC Capital Markets, LLC (6.7%), Barclays Capital Inc. (3.9%). 32 more were listed and created or redeemed nothing.

How to trade CLOI

To buy or to sell, up to $100,000
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
Watch
The premium. On 95% of days it is within ±0.17%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

Does CLOI trade at a premium or discount to NAV?

It closed −0.02% from its NAV on Oct 21, 2026. On 95% of the 247 days to then it was within ±0.17%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for CLOI?

CLOI’s latest Form N-CEN, for the period ending Dec 31, 2025, lists 39 authorized participants (APs), and 7 created or redeemed shares. The largest were J.P. Morgan Securities LLC (23.4%), Jane Street Capital, LLC (19.6%), Goldman Sachs & Co. LLC (19.6%) of the dollars its APs created and redeemed.

Who is the LMM for CLOI?

CLOI’s lead market maker (LMM) on NYSE Arca is Jane Street Capital, LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 22, 2025 to Oct 21, 2026
DealersForm N-CEN · the year to Dec 31, 2025
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →CLOI fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, CLOI trading: cost, capacity, premium and dealers, data as of Oct 21, 2026. https://etfiq.com/funds/cloi/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.