BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Up 79.7% in July

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 39,793 shares, an increase of 79.7% from the June 30th total of 22,146 shares. Based on an average trading volume of 24,506 shares, the short-interest ratio is currently 1.6 days. Approximately 1.0% of the shares of the stock are sold short.

BondBloxx Private Credit CLO ETF Stock Performance

PCMM opened at $49.79 on Friday. BondBloxx Private Credit CLO ETF has a 1-year low of $48.86 and a 1-year high of $51.09. The stock’s 50 day simple moving average is $49.74 and its 200 day simple moving average is $49.79.

BondBloxx Private Credit CLO ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.2555 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of BondBloxx Private Credit CLO ETF

Several institutional investors have recently added to or reduced their stakes in PCMM. Royal Bank of Canada bought a new position in shares of BondBloxx Private Credit CLO ETF in the 4th quarter worth about $64,000. Wealth Preservation Advisors LLC acquired a new stake in BondBloxx Private Credit CLO ETF during the fourth quarter worth about $70,000. Brady Martz Wealth Solutions LLC bought a new position in BondBloxx Private Credit CLO ETF in the first quarter worth about $245,000. United Advisor Group LLC bought a new position in BondBloxx Private Credit CLO ETF in the fourth quarter worth about $282,000. Finally, Heck Capital Advisors LLC boosted 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 acquiring an additional 535 shares during the period.

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.