Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Shares Shorted: Short Interest Up 80.1% in September

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 424,223 shares, a growth of 80.1% from the September 15th total of 235,567 shares. Based on an average daily trading volume, of 545,259 shares, the short-interest ratio is currently 0.8 days. Currently, 1.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Eldridge BBB-B CLO ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of Eldridge BBB-B CLO ETF by 5.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 108,873 shares of the company’s stock worth $2,863,000 after purchasing an additional 5,915 shares during the last quarter. Ethos Financial Group LLC boosted its holdings in Eldridge BBB-B CLO ETF by 55.4% in the 1st quarter. Ethos Financial Group LLC now owns 120,704 shares of the company’s stock worth $3,096,000 after buying an additional 43,048 shares during the last quarter. Sound Income Strategies LLC increased its stake in Eldridge BBB-B CLO ETF by 24.1% during the 1st quarter. Sound Income Strategies LLC now owns 269,832 shares of the company’s stock worth $6,956,000 after buying an additional 52,383 shares in the last quarter. Claris Financial LLC purchased a new stake in Eldridge BBB-B CLO ETF during the 4th quarter worth approximately $866,000. Finally, Basso Capital Management L.P. increased its stake in Eldridge BBB-B CLO ETF by 28.4% during the 4th quarter. Basso Capital Management L.P. now owns 71,589 shares of the company’s stock worth $1,896,000 after buying an additional 15,849 shares in the last quarter.

Eldridge BBB-B CLO ETF Price Performance

Eldridge BBB-B CLO ETF stock traded up $0.01 during trading on Friday, reaching $26.20. The company had a trading volume of 342,736 shares, compared to its average volume of 447,603. The firm’s 50-day simple moving average is $26.24 and its 200 day simple moving average is $26.25. Eldridge BBB-B CLO ETF has a 1-year low of $25.23 and a 1-year high of $26.81.

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.