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

Eldridge AAA CLO ETF (NYSEARCA:CLOX) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 52,143 shares, a drop of 12.6% from the December 31st total of 59,642 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 177,344 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 177,344 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are sold short.

Eldridge AAA CLO ETF Price Performance

CLOX opened at $25.53 on Thursday. The firm has a 50 day moving average price of $25.55 and a 200-day moving average price of $25.55. Eldridge AAA CLO ETF has a twelve month low of $24.10 and a twelve month high of $25.74.

Eldridge AAA CLO ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, February 3rd will be issued a $0.1045 dividend. 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%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Institutional Investors Weigh In On Eldridge AAA CLO ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CLOX. Private Trust Co. NA purchased a new stake in Eldridge AAA CLO ETF during the fourth quarter valued at approximately $377,000. Silverleafe Capital Partners LLC grew its position in shares of Eldridge AAA CLO ETF by 76.1% during the 4th quarter. Silverleafe Capital Partners LLC now owns 22,915 shares of the company’s stock valued at $585,000 after acquiring an additional 9,904 shares during the period. L.M. Kohn & Company increased its stake in shares of 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 purchasing an additional 21,950 shares in the last quarter. Finally, Copia Wealth Management grew its holdings in Eldridge AAA CLO ETF by 171.7% during the second quarter. Copia Wealth Management now owns 70,479 shares of the company’s stock valued at $1,804,000 after purchasing an additional 44,537 shares during the period.

About Eldridge AAA CLO ETF

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.