Short Interest in Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Increases By 14.5%
by Mitch Edgeman · The Markets DailyEldridge BBB-B CLO ETF (NYSEARCA:CLOZ – Get Free Report) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 4,536,418 shares, a growth of 14.5% from the February 12th total of 3,961,683 shares. Based on an average daily trading volume, of 1,284,355 shares, the days-to-cover ratio is currently 3.5 days. Currently, 15.8% of the shares of the stock are short sold. Currently, 15.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,284,355 shares, the days-to-cover ratio is currently 3.5 days.
Hedge Funds Weigh In On Eldridge BBB-B CLO ETF
Several hedge funds have recently modified their holdings of CLOZ. Flow Traders U.S. LLC acquired a new position in shares of Eldridge BBB-B CLO ETF during the 3rd quarter valued at $4,278,000. Sound Income Strategies LLC lifted its holdings in shares of Eldridge BBB-B CLO ETF by 51.0% in the fourth quarter. Sound Income Strategies LLC now owns 217,449 shares of the company’s stock valued at $5,802,000 after buying an additional 73,437 shares during the period. JPMorgan Chase & Co. bought a new position in Eldridge BBB-B CLO ETF during the third quarter valued at about $1,579,000. Basso Capital Management L.P. boosted its stake in Eldridge BBB-B CLO ETF by 1,492.6% during the third quarter. Basso Capital Management L.P. now owns 55,740 shares of the company’s stock valued at $1,495,000 after buying an additional 52,240 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Eldridge BBB-B CLO ETF during the fourth quarter worth about $1,270,000.
Eldridge BBB-B CLO ETF Trading Up 0.2%
Shares of Eldridge BBB-B CLO ETF stock traded up $0.06 on Tuesday, hitting $25.60. The company had a trading volume of 114,147 shares, compared to its average volume of 675,570. The business has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $26.54. Eldridge BBB-B CLO ETF has a 52 week low of $25.08 and a 52 week high of $26.96.
Eldridge BBB-B CLO ETF Cuts Dividend
The company 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 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.