Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) Sees Significant Increase in Short Interest

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 424,223 shares, an increase of 80.1% from the September 15th total of 235,567 shares. Based on an average trading volume of 545,259 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the company’s shares are short sold.

Eldridge BBB-B CLO ETF Trading Down 0.2%

Shares of CLOZ stock traded down $0.06 during trading hours on Thursday, hitting $26.18. 59,882 shares of the company were exchanged, compared to its average volume of 445,557. Eldridge BBB-B CLO ETF has a 1 year low of $25.23 and a 1 year high of $26.81. The firm has a fifty day moving average of $26.24 and a 200 day moving average of $26.24.

Hedge Funds Weigh In On Eldridge BBB-B CLO ETF

A number of large investors have recently bought and sold shares of the stock. Claris Financial LLC purchased a new stake in shares of Eldridge BBB-B CLO ETF during the 4th quarter valued at $866,000. Basso Capital Management L.P. increased its holdings in shares of 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 during the last quarter. Farther Finance Advisors LLC increased its stake in Eldridge BBB-B CLO ETF by 5.7% during the third quarter. Farther Finance Advisors LLC now owns 108,873 shares of the company’s stock worth $2,863,000 after acquiring an additional 5,915 shares during the last quarter. Ethos Financial Group LLC raised its holdings in Eldridge BBB-B CLO ETF by 55.4% in the first quarter. Ethos Financial Group LLC now owns 120,704 shares of the company’s stock valued at $3,096,000 after buying an additional 43,048 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Eldridge BBB-B CLO ETF by 24.1% in the 1st quarter. Sound Income Strategies LLC now owns 269,832 shares of the company’s stock valued at $6,956,000 after acquiring an additional 52,383 shares during the period.

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.