Short Interest in Eldridge AAA CLO ETF (NYSEARCA:CLOX) Increases By 346.3%

Eldridge AAA CLO ETF (NYSEARCA:CLOX) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 232,696 shares, a growth of 346.3% from the January 15th total of 52,143 shares. Based on an average daily trading volume, of 133,043 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.1% of the company’s shares are short sold. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 133,043 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Eldridge AAA CLO ETF

Several hedge funds have recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in Eldridge AAA CLO ETF in the fourth quarter valued at approximately $377,000. Silverleafe Capital Partners LLC lifted its holdings in Eldridge AAA CLO ETF by 76.1% in the fourth quarter. Silverleafe Capital Partners LLC now owns 22,915 shares of the company’s stock worth $585,000 after buying an additional 9,904 shares during the period. Janney Montgomery Scott LLC bought a new position in Eldridge AAA CLO ETF in the fourth quarter worth $1,263,000. L.M. Kohn & Company boosted its stake in Eldridge AAA CLO ETF by 46.8% during the second quarter. L.M. Kohn & Company now owns 68,889 shares of the company’s stock worth $1,764,000 after acquiring an additional 21,950 shares in the last quarter. Finally, Copia Wealth Management grew its stake in shares of Eldridge AAA CLO ETF by 171.7% in the second quarter. Copia Wealth Management now owns 70,479 shares of the company’s stock worth $1,804,000 after acquiring an additional 44,537 shares during the last quarter.

Eldridge AAA CLO ETF Stock Up 0.0%

NYSEARCA:CLOX traded up $0.01 during trading hours on Wednesday, hitting $25.56. 51,377 shares of the company were exchanged, compared to its average volume of 139,613. Eldridge AAA CLO ETF has a one year low of $24.10 and a one year high of $25.71. The company has a fifty day simple moving average of $25.55 and a 200 day simple moving average of $25.55.

Eldridge AAA CLO ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, February 3rd were issued a dividend of $0.1045 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a yield of 4.9%. This is an increase from Eldridge AAA CLO ETF’s previous monthly dividend of $0.10.

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.