BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Up 79.7% in July

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large 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. Based on an average daily trading volume, of 24,506 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the company’s shares are sold short.

BondBloxx Private Credit CLO ETF Price Performance

PCMM stock traded up $0.17 during mid-day trading on Thursday, reaching $49.90. The company had a trading volume of 9,883 shares, compared to its average volume of 37,006. The firm has a 50 day moving average of $49.73 and a 200 day moving average of $49.79. BondBloxx Private Credit CLO ETF has a 12 month low of $48.86 and a 12 month high of $51.09.

BondBloxx Private Credit CLO ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.2555 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PCMM. &PARTNERS grew its position in shares of BondBloxx Private Credit CLO ETF by 14.1% during the 4th quarter. &PARTNERS now owns 139,373 shares of the company’s stock worth $6,985,000 after buying an additional 17,275 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of 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. NewEdge Wealth LLC raised its holdings in shares of BondBloxx Private Credit CLO ETF by 6.3% in the first quarter. NewEdge Wealth LLC now owns 96,500 shares of the company’s stock valued at $4,745,000 after acquiring an additional 5,705 shares in the last quarter. Northland Capital Management LLC lifted its stake in 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 worth $4,555,000 after acquiring an additional 5,212 shares during the period. Finally, WT Wealth Management lifted its stake in BondBloxx Private Credit CLO ETF by 139.5% in the first quarter. WT Wealth Management now owns 85,169 shares of the company’s stock worth $4,188,000 after acquiring an additional 49,608 shares during the period.

About BondBloxx Private Credit CLO ETF

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.