Eldridge AAA CLO ETF (NYSEARCA:CLOX) Short Interest Up 346.3% in January

Eldridge AAA CLO ETF (NYSEARCA:CLOX) was the recipient of a large 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. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 133,043 shares, the days-to-cover ratio is presently 1.7 days. 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 shares of the company are short sold.

Eldridge AAA CLO ETF Trading Down 0.0%

CLOX stock traded down $0.01 during trading on Friday, reaching $25.56. The company’s stock had a trading volume of 84,107 shares, compared to its average volume of 135,729. The company’s fifty day moving average is $25.56 and its 200-day moving average is $25.55. Eldridge AAA CLO ETF has a 1 year low of $24.10 and a 1 year high of $25.71.

Eldridge AAA CLO ETF Increases Dividend

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

Hedge Funds Weigh In On Eldridge AAA CLO ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Copia Wealth Management raised its stake in 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 during the last quarter. L.M. Kohn & Company boosted its holdings in Eldridge AAA CLO ETF by 46.8% in the second quarter. L.M. Kohn & Company now owns 68,889 shares of the company’s stock valued at $1,764,000 after purchasing an additional 21,950 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Eldridge AAA CLO ETF during the fourth quarter worth approximately $1,263,000. Silverleafe Capital Partners LLC raised its holdings 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. Finally, Private Trust Co. NA purchased a new stake in Eldridge AAA CLO ETF during the fourth quarter worth approximately $377,000.

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.