Short Interest in Eldridge AAA CLO ETF (NYSEARCA:CLOX) Grows By 618.4%

Eldridge AAA CLO ETF (NYSEARCA:CLOX) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 170,100 shares, an increase of 618.4% from the May 31st total of 23,679 shares. Based on an average daily trading volume, of 230,583 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.5% of the company’s shares are short sold.

Eldridge AAA CLO ETF Stock Performance

NYSEARCA:CLOX opened at $25.60 on Friday. The company has a fifty day moving average of $25.56 and a 200 day moving average of $25.54. Eldridge AAA CLO ETF has a 52 week low of $25.35 and a 52 week high of $25.71.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Private Trust Co. NA purchased a new position in shares of Eldridge AAA CLO ETF in the 4th quarter worth about $377,000. Silverleafe Capital Partners LLC grew its position in Eldridge AAA CLO ETF by 76.1% during 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 during the last quarter. Janney Montgomery Scott LLC bought a new stake in Eldridge AAA CLO ETF during the 4th quarter valued at about $1,263,000. Finally, Copia Wealth Management increased its stake in Eldridge AAA CLO ETF by 49.4% during 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 in the last quarter.

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.