Short Interest in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Declines By 27.2%

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 13,811 shares, a decline of 27.2% from the March 31st total of 18,975 shares. Based on an average daily trading volume, of 32,666 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the third quarter valued at approximately $34,000. Royal Bank of Canada acquired a new stake in BondBloxx Private Credit CLO ETF during the 4th quarter worth approximately $64,000. Wealth Preservation Advisors LLC purchased a new position in BondBloxx Private Credit CLO ETF in the 4th quarter valued at approximately $70,000. Avaii Wealth Management LLC purchased a new position in BondBloxx Private Credit CLO ETF in the 3rd quarter valued at approximately $223,000. Finally, Sentinel Pension Advisors LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the fourth quarter worth $239,000.

BondBloxx Private Credit CLO ETF Price Performance

PCMM traded up $0.11 during mid-day trading on Thursday, hitting $49.76. 11,258 shares of the stock were exchanged, compared to its average volume of 40,130. The firm’s fifty day moving average is $49.58 and its two-hundred day moving average is $50.01. BondBloxx Private Credit CLO ETF has a 1-year low of $48.86 and a 1-year high of $51.72.

BondBloxx Private Credit CLO ETF Dividend Announcement

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

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.