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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 14,858 shares, a drop of 38.7% from the February 26th total of 24,230 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 25,855 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of BondBloxx Private Credit CLO ETF

Hedge funds have recently added to or reduced their stakes in the stock. Lake Street Private Wealth LLC grew its position in shares of BondBloxx Private Credit CLO ETF by 1.4% during the 4th quarter. Lake Street Private Wealth LLC now owns 14,981 shares of the company’s stock valued at $751,000 after acquiring an additional 207 shares during the period. Heck Capital Advisors LLC lifted its stake in BondBloxx Private Credit CLO ETF by 9.9% in the fourth quarter. Heck Capital Advisors LLC now owns 5,912 shares of the company’s stock valued at $297,000 after purchasing an additional 535 shares during the last quarter. Stratos Investment Management LLC grew its holdings in BondBloxx Private Credit CLO ETF by 5.1% during the fourth quarter. Stratos Investment Management LLC now owns 12,429 shares of the company’s stock valued at $623,000 after purchasing an additional 599 shares during the period. CWM LLC purchased a new stake in BondBloxx Private Credit CLO ETF in the third quarter worth $34,000. Finally, Avaii Wealth Management LLC increased its position in BondBloxx Private Credit CLO ETF by 18.1% in the fourth quarter. Avaii Wealth Management LLC now owns 5,206 shares of the company’s stock worth $261,000 after buying an additional 798 shares during the last quarter.

BondBloxx Private Credit CLO ETF Stock Down 0.2%

Shares of BondBloxx Private Credit CLO ETF stock traded down $0.08 during trading on Friday, reaching $49.40. 18,624 shares of the company traded hands, compared to its average volume of 43,280. BondBloxx Private Credit CLO ETF has a 1-year low of $48.38 and a 1-year high of $51.72. The company has a 50 day moving average price of $50.05 and a 200-day moving average price of $50.20.

BondBloxx Private Credit CLO ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.2317 per share. The ex-dividend date was Monday, March 2nd.

BondBloxx Private Credit CLO ETF Company Profile

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.