Eldridge AAA CLO ETF (NYSEARCA:CLOX) Stock Short Interest Climbs 336.3%

Eldridge AAA CLO ETF (NYSEARCA:CLOX) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 311,365 shares, an increase of 336.3% from the September 15th total of 71,369 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 155,814 shares, the days-to-cover ratio is presently 2.0 days.

Eldridge AAA CLO ETF Trading Down 0.0%

NYSEARCA:CLOX traded down $0.01 during mid-day trading on Friday, hitting $25.52. The stock had a trading volume of 126,433 shares, compared to its average volume of 181,592. Eldridge AAA CLO ETF has a twelve month low of $25.35 and a twelve month high of $25.67. The company’s 50 day simple moving average is $25.55 and its 200 day simple moving average is $25.55.

Institutional Trading of Eldridge AAA CLO ETF

A number of hedge funds have recently made changes to their positions in CLOX. Worth Asset Management LLC bought a new position in shares of Eldridge AAA CLO ETF during the 2nd quarter worth approximately $536,000. Silverleafe Capital Partners LLC acquired a new position in shares of Eldridge AAA CLO ETF during the 3rd quarter worth approximately $691,000. Finally, Janney Montgomery Scott LLC increased 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 acquiring an additional 6,662 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.