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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)
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.
Panagram Bbb-B Clo ETF trades on the ARCA stock market under the symbol CLOZ.
As of January 29, 2026, CLOZ stock price declined to $26.74 with 523,512 million shares trading.
CLOZ has a beta of 0.21, meaning it tends to be less sensitive to market movements. CLOZ has a correlation of 0.54 to the broad based SPY ETF.
CLOZ has a market cap of $767.44 million. This is considered a Small Cap stock.
In the last 3 years, CLOZ traded as high as $27.25 and as low as $24.73.
CLOZ has underperformed the market in the last year with a return of +5.2%, while SPY returned +15.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CLOZ shares. However, CLOZ has outperformed the market in the last 3 month and 2 week periods, returning +2.0% and +0.3%, while SPY returned +0.8% and 0.0%, respectively. This indicates CLOZ has been having a stronger performance recently.
CLOZ support price is $26.71 and resistance is $26.81 (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 shares will trade within this expected range on the day.
