Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 266,303 shares, a decline of 33.6% from the August 15th total of 400,873 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 437,043 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On Eldridge BBB-B CLO ETF
Several hedge funds have recently bought and sold shares of CLOZ. Ethos Financial Group LLC grew its position in Eldridge BBB-B CLO ETF by 55.4% in the 1st quarter. Ethos Financial Group LLC now owns 120,704 shares of the company’s stock valued at $3,096,000 after acquiring an additional 43,048 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of 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 in the last quarter. Claris Financial LLC purchased a new position in shares of Eldridge BBB-B CLO ETF in the fourth quarter valued at approximately $866,000. Basso Capital Management L.P. boosted its stake in shares of 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 purchasing an additional 15,849 shares during the period. Finally, Copia Wealth Management grew its holdings in shares of 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 in the last quarter.
Eldridge BBB-B CLO ETF Trading Up 0.1%
Shares of CLOZ traded up $0.02 during midday trading on Thursday, hitting $26.21. 385,474 shares of the stock were exchanged, compared to its average volume of 443,869. Eldridge BBB-B CLO ETF has a 52-week low of $25.23 and a 52-week high of $26.93. The stock has a fifty day simple moving average of $26.27 and a 200 day simple moving average of $26.15.
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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