Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Short Interest Update

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 4,536,418 shares, a growth of 14.5% from the February 12th total of 3,961,683 shares. Approximately 15.8% of the shares of the company are sold short. Based on an average daily volume of 1,284,355 shares, the short-interest ratio is currently 3.5 days. Based on an average daily volume of 1,284,355 shares, the short-interest ratio is currently 3.5 days. Approximately 15.8% of the shares of the company are sold short.

Eldridge BBB-B CLO ETF Trading Down 0.2%

NYSEARCA CLOZ opened at $25.45 on Thursday. The business’s fifty day moving average is $26.31 and its 200 day moving average is $26.53. Eldridge BBB-B CLO ETF has a fifty-two week low of $25.08 and a fifty-two week high of $26.96.

Eldridge BBB-B CLO ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, February 3rd were paid a $0.1557 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Claris Financial LLC purchased a new stake in Eldridge BBB-B CLO ETF in the 2nd quarter worth approximately $922,000. Sound Income Strategies LLC lifted its holdings in Eldridge BBB-B CLO ETF by 62.5% during the third quarter. Sound Income Strategies LLC now owns 144,012 shares of the company’s stock valued at $3,843,000 after purchasing an additional 55,396 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Eldridge BBB-B CLO ETF during the third quarter valued at approximately $274,000. Worth Asset Management LLC bought a new position in shares of Eldridge BBB-B CLO ETF in the third quarter worth approximately $233,000. Finally, Ethos Financial Group LLC increased its stake in shares of Eldridge BBB-B CLO ETF by 13.7% in the third quarter. Ethos Financial Group LLC now owns 32,572 shares of the company’s stock worth $874,000 after purchasing an additional 3,919 shares in the last quarter.

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.