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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 in tranches of 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") (or, if unrated, securities deemed by the Adviser to be of comparable quality). 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 (i.e., CLO tranches rated BB or lower). CLOs are securities structured to be exposed to the senior secured loans in a corporate capital structure, which means that the loans have payment priority over unsecured debt and common equity in a default situation.
Eldridge Bbb-B Clo ETF trades on the ARCA stock market under the symbol CLOZ.
As of July 21, 2026, CLOZ stock price climbed to $26.37 with 205,282 million shares trading.
CLOZ has a beta of 0.12, meaning it tends to be less sensitive to market movements. CLOZ has a correlation of 0.17 to the broad based SPY ETF.
CLOZ has a market cap of $783.19 million. This is considered a Small Cap stock.
In the last 3 years, CLOZ traded as high as $27.25 and as low as $25.08.
CLOZ has underperformed the market in the last year with a return of +5.0%, while the SPY ETF gained +20.4%. In the last 3 month period, CLOZ fell short of the market, returning +3.0%, while SPY returned +5.9%. However, in the most recent 2 weeks CLOZ has outperformed the stock market by returning +0.3%, while SPY returned -0.4%.
CLOZ support price is $26.25 and resistance is $26.37 (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.
