BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Up 156.6% in June

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 32,916 shares, a growth of 156.6% from the May 31st total of 12,827 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 20,373 shares, the short-interest ratio is presently 1.6 days.

BondBloxx Private Credit CLO ETF Trading Down 0.2%

NASDAQ:PCMM traded down $0.12 during trading hours on Tuesday, reaching $49.84. 27,592 shares of the stock were exchanged, compared to its average volume of 39,494. BondBloxx Private Credit CLO ETF has a twelve month low of $48.86 and a twelve month high of $51.09. The firm has a 50 day moving average of $49.66 and a 200 day moving average of $49.85.

BondBloxx Private Credit CLO ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.2631 per share. The ex-dividend date was Monday, June 1st. This is a positive change from BondBloxx Private Credit CLO ETF’s previous dividend of $0.23.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCMM. Royal Bank of Canada acquired a new position in shares of BondBloxx Private Credit CLO ETF during the 4th quarter worth about $64,000. Wealth Preservation Advisors LLC bought a new stake in BondBloxx Private Credit CLO ETF during the fourth quarter worth about $70,000. Sentinel Pension Advisors LLC bought a new stake in BondBloxx Private Credit CLO ETF during the fourth quarter worth about $239,000. Brady Martz Wealth Solutions LLC acquired a new position in BondBloxx Private Credit CLO ETF during the first quarter valued at approximately $245,000. Finally, Avaii Wealth Management LLC boosted its position in BondBloxx Private Credit CLO ETF by 18.1% during the fourth quarter. Avaii Wealth Management LLC now owns 5,206 shares of the company’s stock valued at $261,000 after purchasing an additional 798 shares during the last quarter.

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.