Eldridge AAA CLO ETF (NYSEARCA:CLOX) Sees Significant Drop in Short Interest

Eldridge AAA CLO ETF (NYSEARCA:CLOX) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 14,669 shares, a decline of 90.7% from the February 26th total of 158,383 shares. Based on an average daily trading volume, of 359,349 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 359,349 shares, the short-interest ratio is presently 0.0 days.

Eldridge AAA CLO ETF Trading Up 0.0%

Shares of NYSEARCA CLOX traded up $0.01 during midday trading on Wednesday, hitting $25.54. The company’s stock had a trading volume of 71,212 shares, compared to its average volume of 218,823. Eldridge AAA CLO ETF has a 12-month low of $24.10 and a 12-month high of $25.71. The business’s 50 day moving average is $25.53 and its two-hundred day moving average is $25.54.

Eldridge AAA CLO ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, February 3rd were issued a $0.1045 dividend. The ex-dividend date was Tuesday, February 3rd. This is a boost from Eldridge AAA CLO ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

Institutional Investors Weigh In On Eldridge AAA CLO ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLOX. Copia Wealth Management boosted its stake 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 purchasing an additional 60,696 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Eldridge AAA CLO ETF in the fourth quarter worth approximately $1,263,000. Private Trust Co. NA purchased a new stake in Eldridge AAA CLO ETF during the fourth quarter worth $377,000. Finally, Silverleafe Capital Partners LLC lifted its holdings in 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 worth $585,000 after buying an additional 9,904 shares during the period.

About Eldridge AAA CLO ETF

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.