BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Up 99.0% in January

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 47,391 shares, an increase of 99.0% from the December 31st total of 23,811 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 43,776 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 43,776 shares, the short-interest ratio is currently 1.1 days. Approximately 1.3% of the company’s stock are sold short.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in BondBloxx Private Credit CLO ETF by 956.9% during the third quarter. Envestnet Asset Management Inc. now owns 149,137 shares of the company’s stock worth $7,542,000 after buying an additional 135,026 shares during the last quarter. Gradient Investments LLC grew its holdings in BondBloxx Private Credit CLO ETF by 11.9% during the fourth quarter. Gradient Investments LLC now owns 664,662 shares of the company’s stock valued at $33,313,000 after purchasing an additional 70,773 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of BondBloxx Private Credit CLO ETF during the 2nd quarter worth $3,027,000. Orion Porfolio Solutions LLC increased its holdings in BondBloxx Private Credit CLO ETF by 72.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock worth $5,760,000 after acquiring an additional 48,127 shares during the last quarter. Finally, Carrera Capital Advisors raised its stake in BondBloxx Private Credit CLO ETF by 8.0% in the 3rd quarter. Carrera Capital Advisors now owns 591,252 shares of the company’s stock valued at $29,900,000 after acquiring an additional 43,784 shares during the period.

BondBloxx Private Credit CLO ETF Stock Up 0.2%

BondBloxx Private Credit CLO ETF stock traded up $0.11 during midday trading on Friday, hitting $50.38. 26,954 shares of the stock were exchanged, compared to its average volume of 50,743. BondBloxx Private Credit CLO ETF has a 52-week low of $48.38 and a 52-week high of $52.02. The business’s 50-day moving average price is $50.18 and its 200-day moving average price is $50.37.

BondBloxx Private Credit CLO ETF Increases Dividend

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

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.