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The Eldridge AAA CLO ETF is an actively managed exchange-traded fund seeking consistent return income and a higher quality portfolio by investing primarily in a diverse portfolio of CLO AAAs.
Is CLOX's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Eldridge AAA CLO ETF (NYSEARCA:CLOX - Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 311,365 shares, an increase of 336.3% from the September 15th total of 71,369 shares. Currently, 2.5% of the company's stock are short sold. Based on
Collateralized loan obligation ETFs have become one of the fastest-growing corners of fixed income by offering floating-rate coupons, historically low default rates, and yields that outpace investment-grade corporates.
Eldridge AAA CLO ETF offers exposure to AAA-rated CLOs, providing capital preservation and a 5.4% yield for conservative, income-focused investors. CLOX's low risk profile is supported by a history of zero defaults in AAA-rated CLOs, making it attractive during periods of market volatility and uncertainty. While CLOX underperforms traditional equity ETFs like SPY and slightly lags peers JAAA and PAAA, its stable monthly payouts and low fees remain appealing.
Janus Henderson AAA CLO ETF remains my top pick for AAA CLO ETFs due to its larger AUM, longer track record, and better portfolio transparency. Eldridge AAA CLO ETF earns a Hold rating; while it offers some advantages, it lacks the history, size, and data transparency I prefer in a core holding. Both ETFs offer attractive yields, but recent distribution trends are inconsistent and may overstate future income for investors.