BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Up 27.7% in March

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 18,975 shares, a growth of 27.7% from the March 15th total of 14,858 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new position in BondBloxx Private Credit CLO ETF in the 3rd quarter worth $971,000. Balance Wealth LLC raised its stake in BondBloxx Private Credit CLO ETF by 26.0% in the 3rd quarter. Balance Wealth LLC now owns 63,135 shares of the company’s stock worth $3,193,000 after acquiring an additional 13,030 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in BondBloxx Private Credit CLO ETF by 956.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 149,137 shares of the company’s stock worth $7,542,000 after acquiring an additional 135,026 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in BondBloxx Private Credit CLO ETF in the 2nd quarter worth $3,027,000. Finally, Savvy Advisors Inc. purchased a new position in BondBloxx Private Credit CLO ETF in the 4th quarter worth $1,281,000.

BondBloxx Private Credit CLO ETF Price Performance

BondBloxx Private Credit CLO ETF stock opened at $49.42 on Thursday. BondBloxx Private Credit CLO ETF has a 1-year low of $48.86 and a 1-year high of $51.72. The business has a fifty day moving average price of $49.77 and a 200-day moving average price of $50.08.

BondBloxx Private Credit CLO ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were paid a $0.2279 dividend. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 5.5%.

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.