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Eldridge Marks Three Years of CLOZ: Enhancing Income Outside the Aggregate Bond Index
Business Wire (Thu, 29-Jan 8:16 AM ET)
The Panagram AAA CLO ETF seeks to generate current income, with a secondary objective of capital preservation. The Fund is an actively managed exchange-traded fund 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, AAA or an equivalent rating by a nationally recognized statistical rating organization.
Panagram Aaa Clo ETF trades on the ARCA stock market under the symbol CLOX.
As of April 2, 2026, CLOX stock price climbed to $25.49 with 101,774 million shares trading.
CLOX has a beta of 0.20, meaning it tends to be less sensitive to market movements. CLOX has a correlation of 0.42 to the broad based SPY ETF.
CLOX has a market cap of $260.00 million. This is considered a Small Cap stock.
CLOX has underperformed the market in the last year with a return of +5.3%, while SPY returned +18.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CLOX shares. However, CLOX has outperformed the market in the last 3 month and 2 week periods, returning +0.7% and +0.4%, while SPY returned -3.6% and -0.6%, respectively. This indicates CLOX has been having a stronger performance recently.
CLOX support price is $25.41 and resistance is $25.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLOX shares will trade within this expected range on the day.
