Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Short Interest Down 50.7% in March

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,236,451 shares, a drop of 50.7% from the February 26th total of 4,536,418 shares. Approximately 7.8% of the shares of the company are sold short. Based on an average trading volume of 783,343 shares, the days-to-cover ratio is presently 2.9 days.

Hedge Funds Weigh In On Eldridge BBB-B CLO ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Claris Financial LLC purchased a new position in shares of Eldridge BBB-B CLO ETF in the 2nd quarter worth $922,000. Sound Income Strategies LLC lifted its holdings in Eldridge BBB-B CLO ETF by 62.5% in the third quarter. Sound Income Strategies LLC now owns 144,012 shares of the company’s stock valued at $3,843,000 after acquiring an additional 55,396 shares during the period. Farther Finance Advisors LLC bought a new position in Eldridge BBB-B CLO ETF in the third quarter valued at about $274,000. Worth Asset Management LLC purchased a new position in Eldridge BBB-B CLO ETF in the third quarter worth about $233,000. Finally, Ethos Financial Group LLC boosted its position in 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 during the last quarter.

Eldridge BBB-B CLO ETF Stock Down 0.3%

Shares of CLOZ traded down $0.07 during mid-day trading on Thursday, hitting $25.71. 86,687 shares of the company traded hands, compared to its average volume of 624,553. The stock has a 50-day moving average price of $26.21 and a two-hundred day moving average price of $26.48. Eldridge BBB-B CLO ETF has a 1 year low of $25.08 and a 1 year high of $26.96.

Eldridge BBB-B CLO ETF Cuts Dividend

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

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.