BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Update

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a significant 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. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 20,373 shares, the short-interest ratio is currently 1.6 days.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of PCMM stock opened at $49.90 on Monday. The firm’s 50 day moving average is $49.65 and its 200 day moving average is $49.85. BondBloxx Private Credit CLO ETF has a 12 month low of $48.86 and a 12 month high of $51.09.

BondBloxx Private Credit CLO ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2631 per share. The ex-dividend date of this dividend 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 institutional investors have recently made changes to their positions in the stock. Lake Street Private Wealth LLC grew its position in shares of BondBloxx Private Credit CLO ETF by 1.4% in the fourth quarter. Lake Street Private Wealth LLC now owns 14,981 shares of the company’s stock valued at $751,000 after purchasing an additional 207 shares in the last quarter. Royal Bank of Canada lifted its holdings in BondBloxx Private Credit CLO ETF by 31.4% during the 1st quarter. Royal Bank of Canada now owns 1,668 shares of the company’s stock worth $82,000 after purchasing an additional 399 shares in the last quarter. Heck Capital Advisors LLC lifted its holdings in BondBloxx Private Credit CLO ETF by 9.9% during the 4th quarter. Heck Capital Advisors LLC now owns 5,912 shares of the company’s stock worth $297,000 after purchasing an additional 535 shares in the last quarter. Stratos Investment Management LLC boosted its stake in BondBloxx Private Credit CLO ETF by 5.1% in the 4th quarter. Stratos Investment Management LLC now owns 12,429 shares of the company’s stock worth $623,000 after purchasing an additional 599 shares during the period. Finally, Avaii Wealth Management LLC boosted its stake in BondBloxx Private Credit CLO ETF by 18.1% in the 4th quarter. Avaii Wealth Management LLC now owns 5,206 shares of the company’s stock worth $261,000 after purchasing an additional 798 shares during the period.

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.