Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 497,238 shares, a decline of 73.4% from the June 30th total of 1,868,170 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 467,311 shares, the days-to-cover ratio is currently 1.1 days.
Eldridge BBB-B CLO ETF Stock Performance
Shares of NYSEARCA CLOZ traded up $0.01 during midday trading on Monday, reaching $26.40. 256,079 shares of the company were exchanged, compared to its average volume of 454,590. Eldridge BBB-B CLO ETF has a one year low of $25.23 and a one year high of $26.95. The stock’s 50-day moving average price is $26.36 and its 200-day moving average price is $26.24.
Institutional Trading of Eldridge BBB-B CLO ETF
A number of hedge funds have recently made changes to their positions in CLOZ. Ethos Financial Group LLC increased its stake in shares of Eldridge BBB-B CLO ETF by 55.4% in the first quarter. Ethos Financial Group LLC now owns 120,704 shares of the company’s stock valued at $3,096,000 after buying an additional 43,048 shares during the period. Sound Income Strategies LLC boosted its position in Eldridge BBB-B CLO ETF by 24.1% during the 1st quarter. Sound Income Strategies LLC now owns 269,832 shares of the company’s stock worth $6,956,000 after buying an additional 52,383 shares during the period. Claris Financial LLC bought a new stake in Eldridge BBB-B CLO ETF during the 4th quarter worth approximately $866,000. Basso Capital Management L.P. grew its holdings in Eldridge BBB-B CLO ETF by 28.4% during the 4th quarter. Basso Capital Management L.P. now owns 71,589 shares of the company’s stock worth $1,896,000 after acquiring an additional 15,849 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Eldridge BBB-B CLO ETF in the 4th quarter valued at 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.
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