Eldridge AAA CLO ETF (NYSEARCA:CLOX) Sees Large Decline in Short Interest

Eldridge AAA CLO ETF (NYSEARCA:CLOXGet Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 51,032 shares, a decrease of 47.3% from the April 30th total of 96,827 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 173,076 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Eldridge AAA CLO ETF

Hedge funds have recently modified their holdings of the company. Copia Wealth Management lifted its position in shares of Eldridge AAA CLO ETF by 49.4% during the fourth quarter. Copia Wealth Management now owns 183,609 shares of the company’s stock valued at $4,684,000 after buying an additional 60,696 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Eldridge AAA CLO ETF by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 56,177 shares of the company’s stock valued at $1,436,000 after buying an additional 6,662 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of Eldridge AAA CLO ETF during the fourth quarter valued at about $377,000. Finally, Silverleafe Capital Partners LLC lifted its position in shares of Eldridge AAA CLO ETF by 76.1% during the fourth quarter. Silverleafe Capital Partners LLC now owns 22,915 shares of the company’s stock valued at $585,000 after buying an additional 9,904 shares during the last quarter.

Eldridge AAA CLO ETF Stock Performance

Shares of CLOX stock traded up $0.01 during mid-day trading on Monday, hitting $25.59. 34,629 shares of the stock traded hands, compared to its average volume of 183,345. The stock’s fifty day moving average is $25.54 and its two-hundred day moving average is $25.54. Eldridge AAA CLO ETF has a 52-week low of $25.35 and a 52-week high of $25.71.

About Eldridge AAA CLO ETF

(Get Free Report)

The Panagram AAA CLO ETF (CLOX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated collateralized loan obligations rated AAA and of any maturity. CLOX was launched on Jul 19, 2023 and is issued by Panagram.

Further Reading

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