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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 24,230 shares, a decline of 19.2% from the February 12th total of 29,991 shares. Based on an average daily volume of 35,805 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 35,805 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of BondBloxx Private Credit CLO ETF

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new position in shares of BondBloxx Private Credit CLO ETF in the 2nd quarter valued at approximately $711,000. Balance Wealth LLC grew its stake in 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 worth $3,193,000 after purchasing an additional 13,030 shares during the period. Wolff Wiese Magana LLC bought a new position in BondBloxx Private Credit CLO ETF in the third quarter worth $971,000. Thrivent Financial for Lutherans bought a new position in BondBloxx Private Credit CLO ETF in the second quarter worth $3,027,000. Finally, Weaver Consulting Group purchased a new position in BondBloxx Private Credit CLO ETF during the second quarter valued at $413,000.

BondBloxx Private Credit CLO ETF Trading Up 0.5%

NASDAQ PCMM traded up $0.26 on Tuesday, hitting $49.77. The company’s stock had a trading volume of 22,129 shares, compared to its average volume of 42,203. BondBloxx Private Credit CLO ETF has a 52-week low of $48.38 and a 52-week high of $52.02. The company’s 50-day simple moving average is $50.15 and its 200 day simple moving average is $50.25.

BondBloxx Private Credit CLO ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.2317 per share. The ex-dividend date was Monday, March 2nd.

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.