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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 23,811 shares, an increase of 48.6% from the December 15th total of 16,025 shares. Based on an average daily volume of 15,926 shares, the short-interest ratio is presently 1.5 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 15,926 shares, the short-interest ratio is presently 1.5 days.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of NASDAQ:PCMM remained flat at $50.22 during trading on Friday. The stock had a trading volume of 34,688 shares, compared to its average volume of 43,281. BondBloxx Private Credit CLO ETF has a 12-month low of $48.38 and a 12-month high of $52.02. The company has a 50 day moving average of $50.18 and a two-hundred day moving average of $50.39.

BondBloxx Private Credit CLO ETF Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new position in shares of BondBloxx Private Credit CLO ETF in the 3rd quarter worth $34,000. Crews Bank & Trust purchased a new stake in shares of BondBloxx Private Credit CLO ETF during the second quarter valued at about $40,000. Bulwark Capital Corp purchased a new position in BondBloxx Private Credit CLO ETF during 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 valued at approximately $173,000. Finally, Avaii Wealth Management LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the 3rd quarter valued at $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.