Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 497,238 shares, a drop 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 trading volume of 467,311 shares, the days-to-cover ratio is presently 1.1 days.
Eldridge BBB-B CLO ETF Price Performance
Shares of CLOZ opened at $26.39 on Tuesday. The firm has a 50-day moving average of $26.36 and a 200-day moving average of $26.24. Eldridge BBB-B CLO ETF has a one year low of $25.23 and a one year high of $26.95.
Hedge Funds Weigh In On Eldridge BBB-B CLO ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Worth Asset Management LLC raised its stake in Eldridge BBB-B CLO ETF by 209.2% in the fourth quarter. Worth Asset Management LLC now owns 26,818 shares of the company’s stock valued at $710,000 after buying an additional 18,146 shares during the period. Claris Financial LLC bought a new position in shares of Eldridge BBB-B CLO ETF during the 4th quarter worth approximately $866,000. Farther Finance Advisors LLC increased its holdings in shares of Eldridge BBB-B CLO ETF by 271.0% during the 4th quarter. Farther Finance Advisors LLC now owns 37,842 shares of the company’s stock worth $1,002,000 after acquiring an additional 27,641 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Eldridge BBB-B CLO ETF during the 4th quarter worth approximately $1,270,000. Finally, JPMorgan Chase & Co. bought a new stake in Eldridge BBB-B CLO ETF in the 3rd quarter valued at $1,579,000.
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.
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