BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Down 30.6% in January

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 32,867 shares, a drop of 30.6% from the January 15th total of 47,391 shares. Based on an average daily volume of 57,278 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 57,278 shares, the days-to-cover ratio is presently 0.6 days.

BondBloxx Private Credit CLO ETF Price Performance

PCMM stock opened at $50.46 on Friday. The firm has a 50-day simple moving average of $50.21 and a 200-day simple moving average of $50.35. BondBloxx Private Credit CLO ETF has a 52 week low of $48.38 and a 52 week high of $52.02.

BondBloxx Private Credit CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2648 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new position in shares of BondBloxx Private Credit CLO ETF during the 2nd quarter worth approximately $711,000. Balance Wealth LLC increased its holdings in shares of BondBloxx Private Credit CLO ETF by 26.0% in the third quarter. Balance Wealth LLC now owns 63,135 shares of the company’s stock valued at $3,193,000 after purchasing an additional 13,030 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in BondBloxx Private Credit CLO ETF during the third quarter worth approximately $971,000. Thrivent Financial for Lutherans acquired a new position in BondBloxx Private Credit CLO ETF during the second quarter worth $3,027,000. Finally, Orion Porfolio Solutions LLC grew its holdings 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 valued at $5,760,000 after buying an additional 48,127 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.