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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 April 10, 2026, CLOZ stock price climbed to $25.88 with 126,813 million shares trading.
CLOZ has a beta of 0.19, meaning it tends to be less sensitive to market movements. CLOZ has a correlation of 0.28 to the broad based SPY ETF.
CLOZ has a market cap of $590.06 million. This is considered a Small Cap stock.
In the last 3 years, CLOZ traded as high as $27.25 and as low as $25.03.
CLOZ has underperformed the market in the last year with a price return of +6.7% while the SPY ETF gained +25.3%. However, in the short term, CLOZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.9% vs -1.7% return in SPY. But in the last 2 weeks, CLOZ shares have been beat by the market, returning +1.3% compared to an SPY return of +5.5%.
CLOZ support price is $25.70 and resistance is $25.94 (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.
