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

Eldridge AAA CLO ETF (NYSEARCA:CLOX) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 311,365 shares, an increase of 336.3% from the September 15th total of 71,369 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 155,814 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Eldridge AAA CLO ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silverleafe Capital Partners LLC bought a new stake in shares of Eldridge AAA CLO ETF in the 3rd quarter valued at about $691,000. Worth Asset Management LLC acquired a new stake in shares of Eldridge AAA CLO ETF in the 2nd quarter valued at approximately $536,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Eldridge AAA CLO ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,177 shares of the company’s stock valued at $1,436,000 after acquiring an additional 6,662 shares during the period.

Eldridge AAA CLO ETF Stock Up 0.1%

Shares of NYSEARCA:CLOX traded up $0.04 during midday trading on Monday, hitting $25.55. The company had a trading volume of 99,376 shares, compared to its average volume of 181,080. Eldridge AAA CLO ETF has a 12 month low of $25.35 and a 12 month high of $25.67. The firm has a fifty day simple moving average of $25.55 and a 200 day simple moving average of $25.56.

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.