Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Sees Significant Drop in Short Interest

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 497,238 shares, a decline of 73.4% from the June 30th total of 1,868,170 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 467,311 shares, the days-to-cover ratio is currently 1.1 days.

Eldridge BBB-B CLO ETF Stock Performance

NYSEARCA CLOZ remained flat at $26.39 during mid-day trading on Friday. 356,110 shares of the company were exchanged, compared to its average volume of 456,022. The business has a 50-day simple moving average of $26.36 and a 200 day simple moving average of $26.24. Eldridge BBB-B CLO ETF has a 12-month low of $25.23 and a 12-month high of $26.95.

Institutional Investors Weigh In On Eldridge BBB-B CLO ETF

Hedge funds have recently modified their holdings of the company. Worth Asset Management LLC grew its position in shares of Eldridge BBB-B CLO ETF by 209.2% during the 4th quarter. Worth Asset Management LLC now owns 26,818 shares of the company’s stock valued at $710,000 after acquiring an additional 18,146 shares during the period. Claris Financial LLC acquired a new position in Eldridge BBB-B CLO ETF in the 4th quarter worth about $866,000. Farther Finance Advisors LLC boosted its position in Eldridge BBB-B CLO ETF by 271.0% during the fourth quarter. Farther Finance Advisors LLC now owns 37,842 shares of the company’s stock worth $1,002,000 after purchasing an additional 27,641 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Eldridge BBB-B CLO ETF during the fourth quarter worth approximately $1,270,000. Finally, JPMorgan Chase & Co. acquired a new stake in Eldridge BBB-B CLO ETF in the third quarter valued at approximately $1,579,000.

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.