Eldridge AAA CLO ETF (NYSEARCA:CLOX) Sees Significant Decrease in Short Interest

Eldridge AAA CLO ETF (NYSEARCA:CLOX) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 23,679 shares, a drop of 53.6% from the May 14th total of 51,032 shares. Based on an average daily trading volume, of 109,632 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Eldridge AAA CLO ETF

A number of hedge funds have recently added to or reduced their stakes in CLOX. Private Trust Co. NA acquired a new stake in Eldridge AAA CLO ETF in the 4th quarter worth about $377,000. Silverleafe Capital Partners LLC lifted its stake in shares of Eldridge AAA CLO ETF by 76.1% in the 4th quarter. Silverleafe Capital Partners LLC now owns 22,915 shares of the company’s stock valued at $585,000 after purchasing an additional 9,904 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Eldridge AAA CLO ETF in the 4th quarter valued at about $1,263,000. Finally, Copia Wealth Management lifted its stake in shares of Eldridge AAA CLO ETF by 49.4% in the 4th quarter. Copia Wealth Management now owns 183,609 shares of the company’s stock valued at $4,684,000 after purchasing an additional 60,696 shares in the last quarter.

Eldridge AAA CLO ETF Stock Up 0.1%

NYSEARCA:CLOX traded up $0.02 during mid-day trading on Friday, reaching $25.59. The company’s stock had a trading volume of 271,502 shares, compared to its average volume of 189,138. The company’s fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $25.54. Eldridge AAA CLO ETF has a twelve month low of $25.35 and a twelve month high of $25.71.

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.