Eldridge BBB-B CLO ETF·Financial Services

Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ - Get Free Report) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 4,536,418 shares, a growth of 14.5% from the February 12th total of 3,961,683 shares. Approximately 15.8% of the shares of the company are sold short.

Eldridge BBB-B CLO ETF offers an 8% yield, but recent price declines reflect tighter credit spreads and market volatility. CLOZ's income relies on elevated interest rates; falling rates in 2026 could pressure distributions and necessitate payout cuts. The portfolio is diversified, with 62.6% in CLO BBB tranches and significant exposure to high-tech, banking, and healthcare sectors.

Copia Wealth Management raised its position in shares of Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) by 147.2% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,049 shares of the company's stock after purchasing an additional 42,908 shares during the quarter.
The fund is an actively-managed exchange-traded fund (“ETF”) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in collateralized loan obligations (“CLOs”) that are rated, at the time of purchase, between BBB+ and B- or an equivalent rating by a NRSRO. It is non-diversified.
Financial Services
Asset Management
2023-01-24
0.03
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