Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Sees Significant Increase in Short Interest

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 424,223 shares, an increase of 80.1% from the September 15th total of 235,567 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 545,259 shares, the days-to-cover ratio is currently 0.8 days.

Eldridge BBB-B CLO ETF Stock Down 0.2%

Shares of NYSEARCA:CLOZ traded down $0.06 during midday trading on Thursday, reaching $26.18. The company had a trading volume of 59,882 shares, compared to its average volume of 445,557. The stock’s fifty day moving average price is $26.24 and its 200-day moving average price is $26.24. Eldridge BBB-B CLO ETF has a one year low of $25.23 and a one year high of $26.81.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its holdings 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 acquiring an additional 52,383 shares in the last quarter. Ethos Financial Group LLC increased its position in shares of 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 worth $3,096,000 after purchasing an additional 43,048 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Eldridge BBB-B CLO ETF by 5.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 108,873 shares of the company’s stock valued at $2,863,000 after purchasing an additional 5,915 shares in the last quarter. Basso Capital Management L.P. raised its stake in shares of Eldridge BBB-B CLO ETF by 28.4% in the 4th 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 in the last quarter. Finally, Claris Financial LLC acquired a new stake in shares of Eldridge BBB-B CLO ETF in the 4th quarter valued at about $866,000.

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.