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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 26,600 shares, a growth of 109.4% from the August 31st total of 12,700 shares. Based on an average trading volume of 28,700 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 28,700 shares, the days-to-cover ratio is presently 0.9 days.

BondBloxx Private Credit CLO ETF Trading Up 0.2%

PCMM opened at $50.39 on Friday. BondBloxx Private Credit CLO ETF has a 12-month low of $48.38 and a 12-month high of $52.73. The stock has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $50.53.

BondBloxx Private Credit CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be paid a $0.2783 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

Institutional Trading of BondBloxx Private Credit CLO ETF

Several institutional investors and hedge funds have recently made changes to their positions in PCMM. Bank of America Corp DE acquired a new position in BondBloxx Private Credit CLO ETF during the 4th quarter worth approximately $1,116,000. Balance Wealth LLC bought a new stake in shares of BondBloxx Private Credit CLO ETF during the first quarter valued at approximately $687,000. Oregon Pacific Wealth Management LLC purchased a new position in BondBloxx Private Credit CLO ETF during the 1st quarter worth approximately $1,333,000. Fortress Wealth Management Inc. acquired a new stake in shares of BondBloxx Private Credit CLO ETF in the 1st quarter valued at $855,000. Finally, Mattson Financial Services LLC bought a new position in shares of BondBloxx Private Credit CLO ETF during the 1st quarter worth about $3,025,000.

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.