BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Sees Significant Growth in Short Interest

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 39,793 shares, a growth of 79.7% from the June 30th total of 22,146 shares. Based on an average trading volume of 24,506 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Trading of BondBloxx Private Credit CLO ETF

A number of institutional investors have recently made changes to their positions in the business. Compound Planning Inc. purchased a new position in BondBloxx Private Credit CLO ETF during the 4th quarter worth $3,595,000. Thrivent Financial for Lutherans purchased a new stake in BondBloxx Private Credit CLO ETF in the fourth quarter valued at about $3,318,000. WT Wealth Management raised its stake in BondBloxx Private Credit CLO ETF by 139.5% in the first quarter. WT Wealth Management now owns 85,169 shares of the company’s stock valued at $4,188,000 after buying an additional 49,608 shares during the last quarter. Jane Street Group LLC boosted its holdings in BondBloxx Private Credit CLO ETF by 359.6% in the fourth quarter. Jane Street Group LLC now owns 63,043 shares of the company’s stock worth $3,160,000 after acquiring an additional 49,327 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in BondBloxx Private Credit CLO ETF by 72.7% in the second quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock worth $5,760,000 after acquiring an additional 48,127 shares in the last quarter.

BondBloxx Private Credit CLO ETF Price Performance

PCMM traded up $0.17 during trading on Thursday, hitting $49.90. The stock had a trading volume of 9,883 shares, compared to its average volume of 37,006. BondBloxx Private Credit CLO ETF has a twelve month low of $48.86 and a twelve month high of $51.09. The stock has a 50 day simple moving average of $49.73 and a two-hundred day simple moving average of $49.79.

BondBloxx Private Credit CLO ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.2555 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Wednesday, July 1st.

BondBloxx Private Credit CLO ETF Company Profile

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.