Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Short Interest Down 50.7% in March

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 2,236,451 shares, a decrease of 50.7% from the February 26th total of 4,536,418 shares. Based on an average daily volume of 783,343 shares, the days-to-cover ratio is presently 2.9 days. Currently, 7.8% of the shares of the company are sold short.

Institutional Trading of Eldridge BBB-B CLO ETF

A number of institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new position in shares of Eldridge BBB-B CLO ETF in the third quarter valued at approximately $4,278,000. Sound Income Strategies LLC raised its holdings in Eldridge BBB-B CLO ETF by 51.0% during the fourth quarter. Sound Income Strategies LLC now owns 217,449 shares of the company’s stock worth $5,802,000 after purchasing an additional 73,437 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Eldridge BBB-B CLO ETF in the third quarter worth approximately $1,579,000. Basso Capital Management L.P. boosted its stake in Eldridge BBB-B CLO ETF by 1,492.6% during the 3rd quarter. Basso Capital Management L.P. now owns 55,740 shares of the company’s stock valued at $1,495,000 after purchasing an additional 52,240 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Eldridge BBB-B CLO ETF during the 4th quarter valued at $1,270,000.

Eldridge BBB-B CLO ETF Price Performance

Shares of NYSEARCA CLOZ traded down $0.15 during midday trading on Friday, reaching $25.56. 366,713 shares of the company traded hands, compared to its average volume of 620,182. Eldridge BBB-B CLO ETF has a 52 week low of $25.08 and a 52 week high of $26.96. The stock has a 50-day moving average price of $26.17 and a 200 day moving average price of $26.47.

Eldridge BBB-B CLO ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, February 3rd were paid a dividend of $0.1557 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a c) annualized dividend and a yield of 7.3%.

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.