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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 13,811 shares, a decline of 27.2% from the March 31st total of 18,975 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 32,666 shares, the short-interest ratio is currently 0.4 days.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of NASDAQ PCMM traded up $0.11 during midday trading on Thursday, hitting $49.76. 11,258 shares of the company’s stock were exchanged, compared to its average volume of 40,130. The stock’s 50 day moving average price is $49.59 and its 200-day moving average price is $50.01. BondBloxx Private Credit CLO ETF has a twelve month low of $48.86 and a twelve month high of $51.72.

BondBloxx Private Credit CLO ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.2279 per share. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 5.5%.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF during the third quarter worth approximately $971,000. Balance Wealth LLC boosted its position in shares of BondBloxx Private Credit CLO ETF by 26.0% during the third quarter. Balance Wealth LLC now owns 63,135 shares of the company’s stock worth $3,193,000 after buying an additional 13,030 shares during the period. Envestnet Asset Management Inc. lifted its position in BondBloxx Private Credit CLO ETF by 956.9% in the third quarter. Envestnet Asset Management Inc. now owns 149,137 shares of the company’s stock worth $7,542,000 after purchasing an additional 135,026 shares during the period. Savvy Advisors Inc. bought a new position in BondBloxx Private Credit CLO ETF during the 4th quarter valued at $1,281,000. Finally, Gradient Investments LLC boosted its stake in BondBloxx Private Credit CLO ETF by 11.9% during the 4th quarter. Gradient Investments LLC now owns 664,662 shares of the company’s stock valued at $33,313,000 after purchasing an additional 70,773 shares in 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.