Short Interest in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Increases By 99.0%

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 47,391 shares, a growth of 99.0% from the December 31st total of 23,811 shares. Based on an average trading volume of 43,776 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 43,776 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of BondBloxx Private Credit CLO ETF

Several hedge funds have recently made changes to their positions in PCMM. Gradient Investments LLC increased its stake in shares of BondBloxx Private Credit CLO ETF by 11.9% during the fourth quarter. Gradient Investments LLC now owns 664,662 shares of the company’s stock worth $33,313,000 after acquiring an additional 70,773 shares during the period. Carrera Capital Advisors raised its stake in shares of BondBloxx Private Credit CLO ETF by 8.0% during the 3rd quarter. Carrera Capital Advisors now owns 591,252 shares of the company’s stock worth $29,900,000 after buying an additional 43,784 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of BondBloxx Private Credit CLO ETF by 956.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 149,137 shares of the company’s stock valued at $7,542,000 after buying an additional 135,026 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of BondBloxx Private Credit CLO ETF by 8.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 123,941 shares of the company’s stock valued at $6,268,000 after buying an additional 9,609 shares during the period. Finally, Northland Capital Management LLC boosted its stake in shares of BondBloxx Private Credit CLO ETF by 6.1% in the fourth quarter. Northland Capital Management LLC now owns 90,889 shares of the company’s stock valued at $4,555,000 after buying an additional 5,212 shares in the last quarter.

BondBloxx Private Credit CLO ETF Trading Up 0.2%

Shares of PCMM stock traded up $0.11 during midday trading on Friday, hitting $50.38. The company had a trading volume of 26,954 shares, compared to its average volume of 50,743. The company’s 50 day simple moving average is $50.18 and its 200 day simple moving average is $50.37. BondBloxx Private Credit CLO ETF has a 52-week low of $48.38 and a 52-week high of $52.02.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were paid a $0.2769 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a yield of 6.6%. This is an increase 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.