Short Interest in Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Declines By 13.7%

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,929,971 shares, a decrease of 13.7% from the March 15th total of 2,236,451 shares. Based on an average trading volume of 269,026 shares, the short-interest ratio is currently 7.2 days. Approximately 8.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Eldridge BBB-B CLO ETF

A number of large investors have recently bought and sold shares of CLOZ. Copia Wealth Management lifted its holdings in shares of Eldridge BBB-B CLO ETF by 147.2% in the 3rd quarter. Copia Wealth Management now owns 72,049 shares of the company’s stock worth $1,932,000 after buying an additional 42,908 shares during the period. Ethos Financial Group LLC lifted its holdings in shares of Eldridge BBB-B CLO ETF by 138.4% in the 4th quarter. Ethos Financial Group LLC now owns 77,656 shares of the company’s stock worth $2,069,000 after buying an additional 45,084 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Eldridge BBB-B CLO ETF by 51.0% in the 4th quarter. Sound Income Strategies LLC now owns 217,449 shares of the company’s stock worth $5,802,000 after buying an additional 73,437 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Eldridge BBB-B CLO ETF in the 3rd quarter worth $1,579,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Eldridge BBB-B CLO ETF in the 3rd quarter worth $4,278,000.

Eldridge BBB-B CLO ETF Price Performance

NYSEARCA CLOZ opened at $26.04 on Friday. The stock’s fifty day moving average price is $25.88 and its 200-day moving average price is $26.35. Eldridge BBB-B CLO ETF has a 12 month low of $25.23 and a 12 month high of $26.96.

Eldridge BBB-B CLO ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.1557 per share. The ex-dividend date was Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a yield of 7.2%.

About Eldridge BBB-B CLO ETF

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.