Short Interest in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Increases By 79.7%

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the target of a significant growth in short interest in 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. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 24,506 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Compound Planning Inc. bought a new stake in BondBloxx Private Credit CLO ETF during the fourth quarter valued at approximately $3,595,000. Thrivent Financial for Lutherans purchased a new stake in shares of BondBloxx Private Credit CLO ETF during the fourth quarter worth about $3,318,000. WT Wealth Management grew its holdings in BondBloxx Private Credit CLO ETF by 139.5% during the 1st 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 in the last quarter. Jane Street Group LLC increased its holdings in BondBloxx Private Credit CLO ETF by 359.6% in the 4th quarter. Jane Street Group LLC now owns 63,043 shares of the company’s stock valued at $3,160,000 after acquiring an additional 49,327 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in BondBloxx Private Credit CLO ETF by 72.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock worth $5,760,000 after purchasing an additional 48,127 shares in the last quarter.

BondBloxx Private Credit CLO ETF Stock Down 0.3%

PCMM stock traded down $0.15 on Friday, reaching $49.66. 2,669 shares of the company traded hands, compared to its average volume of 36,826. BondBloxx Private Credit CLO ETF has a one year low of $48.86 and a one year high of $51.09. The firm has a fifty day simple moving average of $49.74 and a 200-day simple moving average of $49.79.

BondBloxx Private Credit CLO ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2555 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. 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.