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

Eldridge AAA CLO ETF (NYSEARCA:CLOX) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 145,758 shares, a decline of 37.4% from the January 29th total of 232,696 shares. Based on an average daily trading volume, of 104,416 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 104,416 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Eldridge AAA CLO ETF

A number of institutional investors have recently added to or reduced their stakes in CLOX. Copia Wealth Management boosted its holdings in shares of Eldridge AAA CLO ETF by 49.4% during the 4th quarter. Copia Wealth Management now owns 183,609 shares of the company’s stock valued at $4,684,000 after buying an additional 60,696 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Eldridge AAA CLO ETF during the 4th quarter valued at about $1,263,000. Private Trust Co. NA bought a new stake in Eldridge AAA CLO ETF during the fourth quarter worth about $377,000. Finally, Silverleafe Capital Partners LLC grew its holdings in Eldridge AAA CLO ETF by 76.1% in the fourth 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 during the period.

Eldridge AAA CLO ETF Stock Performance

Shares of CLOX opened at $25.60 on Friday. The company has a 50-day simple moving average of $25.57 and a two-hundred day simple moving average of $25.56. Eldridge AAA CLO ETF has a one year low of $24.10 and a one year high of $25.71.

Eldridge AAA CLO ETF Increases Dividend

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

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.