Short Interest in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Increases By 27.7%

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 18,975 shares, a growth of 27.7% from the March 15th total of 14,858 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is presently 0.4 days.

BondBloxx Private Credit CLO ETF Stock Up 0.2%

Shares of PCMM stock opened at $49.35 on Friday. The company has a 50-day simple moving average of $49.73 and a 200 day simple moving average of $50.06. BondBloxx Private Credit CLO ETF has a 52 week low of $48.86 and a 52 week high of $51.72.

BondBloxx Private Credit CLO ETF Dividend Announcement

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

Institutional Trading of BondBloxx Private Credit CLO ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC bought a new stake in shares of BondBloxx Private Credit CLO ETF during the 3rd quarter worth about $34,000. Royal Bank of Canada bought a new stake in BondBloxx Private Credit CLO ETF in the 4th quarter valued at about $64,000. Wealth Preservation Advisors LLC bought a new stake in BondBloxx Private Credit CLO ETF in the 4th quarter valued at about $70,000. Bulwark Capital Corp bought a new stake in BondBloxx Private Credit CLO ETF in the 3rd quarter valued at about $116,000. Finally, Avaii Wealth Management LLC bought a new stake in BondBloxx Private Credit CLO ETF in the 3rd quarter valued at about $223,000.

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.