BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Stock Breaks Above 50 Day Moving Average – What’s Next?

Shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM – Get Free Report) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $49.89 and traded as high as $50.08. BondBloxx Private Credit CLO ETF shares last traded at $49.90, with a volume of 33,691 shares traded.

BondBloxx Private Credit CLO ETF Stock Up 0.1%

The firm’s fifty day simple moving average is $49.89 and its 200 day simple moving average is $49.80.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

Several hedge funds have recently bought and sold shares of PCMM. Citadel Advisors LLC boosted its holdings in shares of BondBloxx Private Credit CLO ETF by 83.5% during the 2nd quarter. Citadel Advisors LLC now owns 43,545 shares of the company’s stock worth $2,172,000 after buying an additional 19,815 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of BondBloxx Private Credit CLO ETF by 19.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 237,363 shares of the company’s stock valued at $11,838,000 after buying an additional 39,451 shares in the last quarter. Compass Financial Management LLC purchased a new position in BondBloxx Private Credit CLO ETF in the second quarter worth $2,010,000. S&A Financial Services Inc. acquired a new position in shares of BondBloxx Private Credit CLO ETF in the 1st quarter valued at $656,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in shares of BondBloxx Private Credit CLO ETF during the 3rd quarter worth approximately $2,338,000.

About BondBloxx Private Credit CLO ETF

(Get Free Report)

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.

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