Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Sees Large Drop in Short Interest

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 266,303 shares, a decline of 33.6% from the August 15th total of 400,873 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 437,043 shares, the short-interest ratio is presently 0.6 days.

Eldridge BBB-B CLO ETF Price Performance

Eldridge BBB-B CLO ETF stock traded up $0.02 during midday trading on Friday, hitting $26.23. The company’s stock had a trading volume of 62,678 shares, compared to its average volume of 441,724. The stock’s 50-day moving average price is $26.27 and its 200-day moving average price is $26.15. Eldridge BBB-B CLO ETF has a 12 month low of $25.23 and a 12 month high of $26.93.

Institutional Trading of Eldridge BBB-B CLO ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CLOZ. Sound Income Strategies LLC lifted its holdings in shares of Eldridge BBB-B CLO ETF by 24.1% during the first quarter. Sound Income Strategies LLC now owns 269,832 shares of the company’s stock valued at $6,956,000 after purchasing an additional 52,383 shares during the last quarter. Ethos Financial Group LLC increased its stake in Eldridge BBB-B CLO ETF by 55.4% in the 1st quarter. Ethos Financial Group LLC now owns 120,704 shares of the company’s stock worth $3,096,000 after purchasing an additional 43,048 shares in the last quarter. Copia Wealth Management increased its stake in Eldridge BBB-B CLO ETF by 54.7% in the 4th quarter. Copia Wealth Management now owns 111,427 shares of the company’s stock worth $2,951,000 after purchasing an additional 39,378 shares in the last quarter. Claris Financial LLC acquired a new stake in Eldridge BBB-B CLO ETF during the 4th quarter worth about $866,000. Finally, Basso Capital Management L.P. raised its holdings in Eldridge BBB-B CLO ETF by 28.4% during the 4th quarter. Basso Capital Management L.P. now owns 71,589 shares of the company’s stock worth $1,896,000 after buying an additional 15,849 shares during the period.

Eldridge BBB-B CLO ETF Company Profile

The Panagram Bbb-B Clo ETF (CLOZ) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in USD-denominated collateralized loan obligations of any maturity that are rated between BBB+ and B-. CLOZ was launched on Jan 24, 2023 and is managed by Panagram.