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 the month of March. As of March 31st, there was short interest totaling 1,929,971 shares, a drop of 13.7% from the March 15th total of 2,236,451 shares. Based on an average trading volume of 269,026 shares, the days-to-cover ratio is presently 7.2 days. Currently, 8.5% of the shares of the stock are sold short.

Eldridge BBB-B CLO ETF Price Performance

Shares of CLOZ stock opened at $26.04 on Friday. The company’s 50-day moving average price is $25.88 and its 200-day moving average price is $26.36. Eldridge BBB-B CLO ETF has a twelve month low of $25.23 and a twelve month high of $26.96.

Eldridge BBB-B CLO ETF Cuts Dividend

The firm also recently declared 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 was Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Institutional Trading of Eldridge BBB-B CLO ETF

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

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.