BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Down 36.6% in July

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 25,244 shares, a decline of 36.6% from the July 15th total of 39,793 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 20,321 shares, the short-interest ratio is currently 1.2 days.

BondBloxx Private Credit CLO ETF Trading Down 0.3%

Shares of PCMM traded down $0.15 during mid-day trading on Wednesday, reaching $49.64. The company’s stock had a trading volume of 153,381 shares, compared to its average volume of 38,227. BondBloxx Private Credit CLO ETF has a 12-month low of $48.86 and a 12-month high of $51.09. The company’s 50 day moving average is $49.78 and its 200 day moving average is $49.75.

BondBloxx Private Credit CLO ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a $0.2559 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. This is a positive change from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Camarda Financial Advisors LLC raised its stake in BondBloxx Private Credit CLO ETF by 4.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 32,098 shares of the company’s stock worth $1,617,000 after acquiring an additional 1,282 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in BondBloxx Private Credit CLO ETF by 72.7% in the second quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock valued at $5,760,000 after acquiring an additional 48,127 shares in the last quarter. Harvest Investment Services LLC purchased a new position in shares of BondBloxx Private Credit CLO ETF during the third quarter worth about $809,000. Farther Finance Advisors LLC purchased a new position in shares of BondBloxx Private Credit CLO ETF during the fourth quarter worth about $1,526,000. Finally, CWM LLC increased its position in shares of BondBloxx Private Credit CLO ETF by 2,986.6% during the fourth quarter. CWM LLC now owns 20,464 shares of the company’s stock worth $1,026,000 after purchasing an additional 19,801 shares in the last quarter.

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.