Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Short Interest Update

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 497,238 shares, a drop of 73.4% from the June 30th total of 1,868,170 shares. Based on an average daily trading volume, of 467,311 shares, the short-interest ratio is currently 1.1 days. Currently, 1.7% of the shares of the stock are sold short.

Eldridge BBB-B CLO ETF Stock Performance

Eldridge BBB-B CLO ETF stock remained flat at $26.39 during trading on Friday. 356,110 shares of the company were exchanged, compared to its average volume of 456,022. The company has a fifty day moving average of $26.36 and a 200-day moving average of $26.24. Eldridge BBB-B CLO ETF has a 1 year low of $25.23 and a 1 year high of $26.95.

Institutional Investors Weigh In On Eldridge BBB-B CLO ETF

Several large investors have recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake in Eldridge BBB-B CLO ETF by 51.0% during the 4th quarter. Sound Income Strategies LLC now owns 217,449 shares of the company’s stock worth $5,802,000 after buying an additional 73,437 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Eldridge BBB-B CLO ETF in the third quarter valued at approximately $1,579,000. Janney Montgomery Scott LLC acquired a new stake in shares of Eldridge BBB-B CLO ETF in the fourth quarter worth approximately $1,270,000. Ethos Financial Group LLC boosted its stake in shares of Eldridge BBB-B CLO ETF by 138.4% in the fourth quarter. Ethos Financial Group LLC now owns 77,656 shares of the company’s stock worth $2,069,000 after acquiring an additional 45,084 shares during the last quarter. Finally, Copia Wealth Management increased its position in shares of Eldridge BBB-B CLO ETF by 54.7% during the fourth 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.

About Eldridge BBB-B CLO ETF

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.