Short Interest in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Increases By 48.6%

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 23,811 shares, an increase of 48.6% from the December 15th total of 16,025 shares. Based on an average trading volume of 15,926 shares, the short-interest ratio is currently 1.5 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 15,926 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

A number of institutional investors have recently added to or reduced their stakes in PCMM. CWM LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the third quarter valued at about $34,000. Crews Bank & Trust acquired a new position in BondBloxx Private Credit CLO ETF in the 2nd quarter worth approximately $40,000. Bulwark Capital Corp acquired a new position in BondBloxx Private Credit CLO ETF in the 3rd quarter worth approximately $116,000. Steward Partners Investment Advisory LLC purchased a new position in BondBloxx Private Credit CLO ETF during the 2nd quarter worth approximately $173,000. Finally, Avaii Wealth Management LLC acquired a new stake in BondBloxx Private Credit CLO ETF during the 3rd quarter valued at approximately $223,000.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of NASDAQ:PCMM remained flat at $50.22 during trading hours on Friday. 34,688 shares of the stock traded hands, compared to its average volume of 43,281. The company’s 50 day moving average is $50.18 and its two-hundred day moving average is $50.39. BondBloxx Private Credit CLO ETF has a twelve month low of $48.38 and a twelve month high of $52.02.

BondBloxx Private Credit CLO ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were issued a $0.2769 dividend. The ex-dividend date was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26.

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.