BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Sees Significant Growth in Short Interest

by · The Cerbat Gem

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 23,811 shares, a growth of 48.6% from the December 15th total of 16,025 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 15,926 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 15,926 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.6% of the shares of the stock are sold short.

BondBloxx Private Credit CLO ETF Price Performance

PCMM remained flat at $50.22 on Friday. The company’s stock had a trading volume of 34,688 shares, compared to its average volume of 43,281. The firm’s fifty day moving average price is $50.18 and its 200-day moving average price is $50.39. BondBloxx Private Credit CLO ETF has a fifty-two week low of $48.38 and a fifty-two week high of $52.02.

BondBloxx Private Credit CLO ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were paid a dividend of $0.2769 per share. This is a boost from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of BondBloxx Private Credit CLO ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC bought a new position in shares of BondBloxx Private Credit CLO ETF during the 3rd quarter valued at approximately $34,000. Crews Bank & Trust purchased a new position in shares of BondBloxx Private Credit CLO ETF during the second quarter worth about $40,000. Bulwark Capital Corp bought a new position in shares of BondBloxx Private Credit CLO ETF in the 3rd quarter worth $116,000. Steward Partners Investment Advisory LLC purchased a new position in shares of BondBloxx Private Credit CLO ETF in the 2nd quarter worth about $173,000. Finally, Avaii Wealth Management LLC bought a new position in BondBloxx Private Credit CLO ETF during the third quarter valued at approximately $223,000.

About BondBloxx Private Credit CLO ETF

(Get Free Report)

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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