Short Interest in Eldridge AAA CLO ETF (NYSEARCA:CLOX) Rises By 458.0%

Eldridge AAA CLO ETF (NYSEARCA:CLOX) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 172,591 shares, a growth of 458.0% from the August 15th total of 30,930 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 181,180 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Eldridge AAA CLO ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Copia Wealth Management raised its position in Eldridge AAA CLO ETF by 49.4% during the fourth quarter. Copia Wealth Management now owns 183,609 shares of the company’s stock worth $4,684,000 after acquiring an additional 60,696 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Eldridge AAA CLO ETF in the fourth quarter valued at about $1,263,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Eldridge AAA CLO ETF in the second quarter valued at about $536,000.

Eldridge AAA CLO ETF Stock Up 0.1%

Shares of Eldridge AAA CLO ETF stock traded up $0.01 on Friday, reaching $25.54. The company’s stock had a trading volume of 46,485 shares, compared to its average volume of 181,620. Eldridge AAA CLO ETF has a 52-week low of $25.35 and a 52-week high of $25.66. The stock has a 50-day moving average price of $25.55 and a 200-day moving average price of $25.54.

Eldridge AAA CLO ETF Company Profile

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.