BondBloxx Private Credit CLO ETF (NASDAQ:PCMM – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 50,797 shares, a growth of 63.4% from the September 15th total of 31,081 shares. Based on an average daily volume of 90,808 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the company’s stock are short sold.
BondBloxx Private Credit CLO ETF Price Performance
Shares of PCMM stock opened at $49.92 on Friday. BondBloxx Private Credit CLO ETF has a 12-month low of $48.86 and a 12-month high of $51.14. The business’s fifty day simple moving average is $49.85 and its 200-day simple moving average is $49.71.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in BondBloxx Private Credit CLO ETF by 31.4% in the first quarter. Royal Bank of Canada now owns 1,668 shares of the company’s stock valued at $82,000 after buying an additional 399 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in BondBloxx Private Credit CLO ETF in the second quarter worth about $40,000. Sanctuary Advisors LLC grew its stake in shares of BondBloxx Private Credit CLO ETF by 4.4% during the first quarter. Sanctuary Advisors LLC now owns 24,833 shares of the company’s stock worth $1,221,000 after acquiring an additional 1,052 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in shares of BondBloxx Private Credit CLO ETF during the third quarter worth about $65,000. Finally, Elm3 Financial Group LLC grew its stake in shares of BondBloxx Private Credit CLO ETF by 32.2% during the third quarter. Elm3 Financial Group LLC now owns 5,580 shares of the company’s stock worth $279,000 after acquiring an additional 1,360 shares during 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.
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