BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Sees Large Growth in Short Interest

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 50,797 shares, a growth of 63.4% from the September 15th total of 31,081 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 90,808 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

Several large investors have recently modified their holdings of PCMM. Citadel Advisors LLC boosted its position in BondBloxx Private Credit CLO ETF by 83.5% during the second quarter. Citadel Advisors LLC now owns 43,545 shares of the company’s stock valued at $2,172,000 after purchasing an additional 19,815 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in BondBloxx Private Credit CLO ETF by 19.9% in the second quarter. Envestnet Asset Management Inc. now owns 237,363 shares of the company’s stock valued at $11,838,000 after purchasing an additional 39,451 shares during the last quarter. Compass Financial Management LLC bought a new position in BondBloxx Private Credit CLO ETF in the second quarter worth about $2,010,000. Patriot Financial Group Insurance Agency LLC bought a new position in BondBloxx Private Credit CLO ETF in the first quarter worth about $710,000. Finally, Impact Partnership Wealth LLC raised its holdings in BondBloxx Private Credit CLO ETF by 46.4% in the first quarter. Impact Partnership Wealth LLC now owns 55,857 shares of the company’s stock worth $2,746,000 after purchasing an additional 17,703 shares in the last quarter.

BondBloxx Private Credit CLO ETF Price Performance

NASDAQ:PCMM opened at $49.92 on Friday. BondBloxx Private Credit CLO ETF has a 1-year low of $48.86 and a 1-year high of $51.14. The company has a 50-day moving average of $49.85 and a 200 day moving average of $49.71.

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.