Eldridge AAA CLO ETF (NYSEARCA:CLOX) Sees Large Increase in Short Interest

Eldridge AAA CLO ETF (NYSEARCA:CLOX) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 232,696 shares, an increase of 346.3% from the January 15th total of 52,143 shares. Based on an average daily volume of 133,043 shares, the short-interest ratio is currently 1.7 days. Currently, 2.1% of the shares of the company are short sold. Currently, 2.1% of the shares of the company are short sold. Based on an average daily volume of 133,043 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new position in shares of Eldridge AAA CLO ETF during the fourth quarter worth $1,263,000. Copia Wealth Management increased its holdings in Eldridge AAA CLO ETF by 49.4% during the 4th quarter. Copia Wealth Management now owns 183,609 shares of the company’s stock worth $4,684,000 after purchasing an additional 60,696 shares during the period. Private Trust Co. NA bought a new stake in Eldridge AAA CLO ETF during the 4th quarter valued at $377,000. Silverleafe Capital Partners LLC boosted its position in shares of Eldridge AAA CLO ETF by 76.1% in the 4th quarter. Silverleafe Capital Partners LLC now owns 22,915 shares of the company’s stock worth $585,000 after purchasing an additional 9,904 shares in the last quarter. Finally, L.M. Kohn & Company raised its stake in Eldridge AAA CLO ETF by 46.8% in the 2nd quarter. L.M. Kohn & Company now owns 68,889 shares of the company’s stock worth $1,764,000 after acquiring an additional 21,950 shares during the last quarter.

Eldridge AAA CLO ETF Stock Performance

Shares of CLOX stock traded up $0.01 on Wednesday, reaching $25.56. The stock had a trading volume of 51,377 shares, compared to its average volume of 139,613. The company has a 50 day simple moving average of $25.55 and a 200 day simple moving average of $25.55. Eldridge AAA CLO ETF has a 1 year low of $24.10 and a 1 year high of $25.71.

Eldridge AAA CLO ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, February 3rd were given a $0.1045 dividend. The ex-dividend date was Tuesday, February 3rd. This is a positive change from Eldridge AAA CLO ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 4.9%.

Eldridge AAA CLO ETF Company Profile

The Panagram AAA CLO ETF (CLOX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated collateralized loan obligations rated AAA and of any maturity. CLOX was launched on Jul 19, 2023 and is issued by Panagram.