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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a significant growth in short interest during 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. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 43,776 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 43,776 shares, the short-interest ratio is currently 1.1 days. Approximately 1.3% of the company’s shares are sold short.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

A number of institutional investors have recently modified their holdings of PCMM. Crews Bank & Trust bought a new position in BondBloxx Private Credit CLO ETF during the second quarter worth $40,000. Prime Capital Investment Advisors LLC acquired a new stake in BondBloxx Private Credit CLO ETF during the 2nd quarter worth about $1,865,000. RFG Advisory LLC bought a new position in shares of BondBloxx Private Credit CLO ETF in the 2nd quarter worth about $801,000. Mattson Financial Services LLC lifted its stake in shares of BondBloxx Private Credit CLO ETF by 5.7% in the 2nd quarter. Mattson Financial Services LLC now owns 62,844 shares of the company’s stock valued at $3,166,000 after purchasing an additional 3,388 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in shares of BondBloxx Private Credit CLO ETF by 31.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 26,339 shares of the company’s stock valued at $1,338,000 after purchasing an additional 6,276 shares in the last quarter.

BondBloxx Private Credit CLO ETF Stock Performance

NASDAQ PCMM traded up $0.11 on Friday, reaching $50.38. The company had a trading volume of 26,954 shares, compared to its average volume of 50,743. BondBloxx Private Credit CLO ETF has a fifty-two week low of $48.38 and a fifty-two week high of $52.02. The business has a 50 day moving average of $50.18 and a two-hundred day moving average of $50.37.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.2769 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a 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.