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

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 25,244 shares, a decrease of 36.6% from the July 15th total of 39,793 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 20,321 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new stake in BondBloxx Private Credit CLO ETF during the fourth quarter valued at about $64,000. Wealth Preservation Advisors LLC bought a new position in shares of BondBloxx Private Credit CLO ETF in the fourth quarter worth about $70,000. Brady Martz Wealth Solutions LLC bought a new position in shares of BondBloxx Private Credit CLO ETF in the first quarter worth about $245,000. Focused Alpha LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF during the 4th quarter worth about $300,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF during the 1st quarter worth about $325,000.

BondBloxx Private Credit CLO ETF Price Performance

NASDAQ:PCMM opened at $49.84 on Thursday. BondBloxx Private Credit CLO ETF has a 12 month low of $48.86 and a 12 month high of $51.09. The company’s 50 day moving average is $49.78 and its 200-day moving average is $49.74.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.2559 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Monday, August 3rd. This is a boost from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26.

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.