Short Interest in Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Increases By 61.5%

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 2,100,000 shares, an increase of 61.5% from the September 30th total of 1,300,000 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average daily volume of 417,200 shares, the short-interest ratio is presently 5.0 days. Based on an average daily volume of 417,200 shares, the short-interest ratio is presently 5.0 days. Approximately 6.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Eldridge BBB-B CLO ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Schechter Investment Advisors LLC boosted its holdings in Eldridge BBB-B CLO ETF by 20.9% during the 1st quarter. Schechter Investment Advisors LLC now owns 1,623,358 shares of the company’s stock valued at $43,133,000 after acquiring an additional 281,081 shares during the period. Security Benefit Life Insurance Co. KS boosted its stake in shares of Eldridge BBB-B CLO ETF by 137.6% during the first quarter. Security Benefit Life Insurance Co. KS now owns 1,625,576 shares of the company’s stock valued at $43,192,000 after purchasing an additional 941,406 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Eldridge BBB-B CLO ETF in the first quarter worth about $2,052,000. Sound Income Strategies LLC grew its holdings in shares of Eldridge BBB-B CLO ETF by 286.5% in the second quarter. Sound Income Strategies LLC now owns 88,616 shares of the company’s stock worth $2,370,000 after purchasing an additional 65,686 shares during the last quarter. Finally, Darden Wealth Group Inc bought a new stake in shares of Eldridge BBB-B CLO ETF during the second quarter valued at approximately $496,000.

Eldridge BBB-B CLO ETF Stock Down 0.1%

NYSEARCA CLOZ opened at $26.69 on Monday. Eldridge BBB-B CLO ETF has a 52 week low of $25.08 and a 52 week high of $27.25. The company has a 50-day moving average price of $26.76 and a 200-day moving average price of $26.70.

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.