Short Interest in Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Declines By 13.7%

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,929,971 shares, a decline of 13.7% from the March 15th total of 2,236,451 shares. Approximately 8.5% of the shares of the company are short sold. Based on an average trading volume of 269,026 shares, the days-to-cover ratio is presently 7.2 days.

Eldridge BBB-B CLO ETF Stock Up 0.6%

CLOZ traded up $0.16 during trading hours on Friday, reaching $26.02. The company’s stock had a trading volume of 104,371 shares, compared to its average volume of 567,913. The company’s 50-day moving average is $25.89 and its 200-day moving average is $26.36. Eldridge BBB-B CLO ETF has a 52 week low of $25.23 and a 52 week high of $26.96.

Eldridge BBB-B CLO ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, February 3rd were given a $0.1557 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a c) annualized dividend and a dividend yield of 7.2%.

Institutional Trading of Eldridge BBB-B CLO ETF

Hedge funds have recently modified their holdings of the stock. Worth Asset Management LLC acquired a new position in Eldridge BBB-B CLO ETF in the 3rd quarter valued at about $233,000. Farther Finance Advisors LLC bought a new position in Eldridge BBB-B CLO ETF in the 3rd quarter valued at about $274,000. Ethos Financial Group LLC lifted its position in Eldridge BBB-B CLO ETF by 13.7% during the third quarter. Ethos Financial Group LLC now owns 32,572 shares of the company’s stock worth $874,000 after acquiring an additional 3,919 shares during the last quarter. Claris Financial LLC acquired a new stake in Eldridge BBB-B CLO ETF during the fourth quarter worth approximately $866,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Eldridge BBB-B CLO ETF during the fourth quarter worth approximately $1,270,000.

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.