Eldridge AAA CLO ETF (NYSEARCA:CLOX) Short Interest Up 618.4% in June

Eldridge AAA CLO ETF (NYSEARCA:CLOX) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 170,100 shares, a growth of 618.4% from the May 31st total of 23,679 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 230,583 shares, the days-to-cover ratio is presently 0.7 days.

Eldridge AAA CLO ETF Stock Up 0.0%

CLOX traded up $0.01 during trading on Friday, hitting $25.61. 85,276 shares of the stock traded hands, compared to its average volume of 187,118. Eldridge AAA CLO ETF has a twelve month low of $25.35 and a twelve month high of $25.66. The business has a 50 day moving average price of $25.56 and a 200 day moving average price of $25.54.

Hedge Funds Weigh In On Eldridge AAA CLO ETF

Several hedge funds and other institutional investors have recently modified their holdings of CLOX. Janney Montgomery Scott LLC raised its holdings in shares of Eldridge AAA CLO ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 56,177 shares of the company’s stock worth $1,436,000 after buying an additional 6,662 shares in the last quarter. Copia Wealth Management grew its position in Eldridge AAA CLO ETF by 49.4% in the fourth quarter. Copia Wealth Management now owns 183,609 shares of the company’s stock valued at $4,684,000 after acquiring an additional 60,696 shares during the last quarter. Private Trust Co. NA bought a new position in Eldridge AAA CLO ETF in the fourth quarter valued at about $377,000. Finally, Silverleafe Capital Partners LLC grew its position in Eldridge AAA CLO ETF by 76.1% in the fourth quarter. Silverleafe Capital Partners LLC now owns 22,915 shares of the company’s stock valued at $585,000 after acquiring an additional 9,904 shares during the last quarter.

About Eldridge AAA CLO ETF

The Panagram AAA CLO ETF (CLOX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated collateralized loan obligations rated AAA and of any maturity. CLOX was launched on Jul 19, 2023 and is issued by Panagram.