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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 February 19, 2026, CLOZ stock price declined to $26.47 with 405,750 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 0.55 to the broad based SPY ETF.
CLOZ has a market cap of $764.84 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 +4.2%, while the SPY ETF gained +13.1%. In the last 3 month period, CLOZ fell short of the market, returning +1.5%, while SPY returned +4.0%. However, in the most recent 2 weeks CLOZ has outperformed the stock market by returning -0.2%, while SPY returned -0.2%.
CLOZ support price is $26.47 and resistance is $26.59 (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.
