Short Interest in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Declines By 84.3%

by · The Cerbat Gem

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 16,025 shares, a decrease of 84.3% from the November 30th total of 102,327 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 36,607 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 36,607 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the company’s shares are short sold.

BondBloxx Private Credit CLO ETF Trading Down 0.3%

Shares of NASDAQ PCMM traded down $0.14 during midday trading on Thursday, reaching $50.15. 6,648 shares of the stock were exchanged, compared to its average volume of 33,406. BondBloxx Private Credit CLO ETF has a 12 month low of $48.38 and a 12 month high of $52.73. The business has a 50-day simple moving average of $50.22 and a two-hundred day simple moving average of $50.43.

BondBloxx Private Credit CLO ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were paid a dividend of $0.255 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Investors 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 3rd quarter. Envestnet Asset Management Inc. now owns 149,137 shares of the company’s stock worth $7,542,000 after purchasing an additional 135,026 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in BondBloxx Private Credit CLO ETF in the 2nd quarter valued at approximately $3,027,000. Mattson Financial Services LLC bought a new stake in BondBloxx Private Credit CLO ETF in the 1st quarter valued at approximately $3,025,000. Orion Porfolio Solutions LLC boosted its position in BondBloxx Private Credit CLO ETF by 72.7% during 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 grew its stake in shares of BondBloxx Private Credit CLO ETF by 8.0% during the 3rd quarter. Carrera Capital Advisors now owns 591,252 shares of the company’s stock worth $29,900,000 after acquiring an additional 43,784 shares in the last quarter.

BondBloxx Private Credit CLO ETF Company Profile

(Get Free Report)

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.

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