Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 266,303 shares, a decrease 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 currently 0.6 days.
Hedge Funds Weigh In On Eldridge BBB-B CLO ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLOZ. Sound Income Strategies LLC raised its stake in 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 worth $6,956,000 after purchasing an additional 52,383 shares during the period. Ethos Financial Group LLC increased its stake in Eldridge BBB-B CLO ETF by 55.4% during the first quarter. Ethos Financial Group LLC now owns 120,704 shares of the company’s stock worth $3,096,000 after acquiring an additional 43,048 shares during the last quarter. Copia Wealth Management raised its position in Eldridge BBB-B CLO ETF by 54.7% in the fourth quarter. Copia Wealth Management now owns 111,427 shares of the company’s stock valued at $2,951,000 after purchasing an additional 39,378 shares during the period. Claris Financial LLC acquired a new position in shares of Eldridge BBB-B CLO ETF in the 4th quarter valued at $866,000. Finally, Basso Capital Management L.P. lifted its position in Eldridge BBB-B CLO ETF by 28.4% in the fourth quarter. Basso Capital Management L.P. now owns 71,589 shares of the company’s stock valued at $1,896,000 after buying an additional 15,849 shares during the last quarter.
Eldridge BBB-B CLO ETF Trading Up 0.1%
Shares of Eldridge BBB-B CLO ETF stock traded up $0.02 on Thursday, hitting $26.21. 385,474 shares of the company were exchanged, compared to its average volume of 443,869. The company has a 50-day moving average price of $26.27 and a 200 day moving average price of $26.15. Eldridge BBB-B CLO ETF has a 1-year low of $25.23 and a 1-year high of $26.93.
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.
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