CLOZ Stock Summary and Trading Ideas (Series Portfolios Trust Panagram Bbb-B Clo ETF | ARCA:CLOZ)

Panagram BBB-B CLO ETF seeks to generate current income, with a secondary objective of capital preservation. 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 nationally recognized statistical rating organization ("NRSRO"). CLOs are structured products with a "long-only" investment strategy (i.e., a strategy that does not include short positions) that issue multiple tranches of asset-backed securities. CLOs are collateralized by a pool of loans, which may include, among others, senior secured loans, senior unsecured loans, and subordinate corporate loans. The Fund intends to invest primarily in BBB and BB-rated tranches of CLOs and is expected to have significant exposure (up to 70% of its total assets) in CLO tranches rated below investment grade often referred to as "high-yield" or "junk" bonds.

Series Portfolios Trust Panagram Bbb-B Clo ETF trades on the ARCA stock market under the symbol CLOZ.

As of April 15, 2024, CLOZ stock price climbed to $26.75 with 116,754 million shares trading.

CLOZ has a beta of 0.00, meaning it tends to be less sensitive to market movements. CLOZ has a correlation of 0.00 to the broad based SPY ETF.

CLOZ has a market cap of $270.12 million. This is considered a Small Cap stock.

CLOZ has underperformed the market in the last year with a return of +16.0%, while the SPY ETF gained +25.3%. In the last 3 month period, CLOZ fell short of the market, returning +3.1%, while SPY returned +6.2%. However, in the most recent 2 weeks CLOZ has outperformed the stock market by returning +0.6%, while SPY returned -3.6%.

CLOZ support price is $26.68 and resistance is $26.78 (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 CLOZ stock will trade within this expected range on the day.