BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Down 30.6% in January

BondBloxx Private Credit CLO ETF (NASDAQ:PCMMGet Free Report) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 32,867 shares, a drop of 30.6% from the January 15th total of 47,391 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 57,278 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 57,278 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF in the third quarter valued at $34,000. Bulwark Capital Corp acquired a new position in BondBloxx Private Credit CLO ETF during the 3rd quarter worth about $116,000. Steward Partners Investment Advisory LLC acquired a new position in BondBloxx Private Credit CLO ETF during the 2nd quarter worth about $173,000. Avaii Wealth Management LLC purchased a new position in BondBloxx Private Credit CLO ETF during the 3rd quarter valued at about $223,000. Finally, Sentinel Pension Advisors LLC acquired a new position in BondBloxx Private Credit CLO ETF in the 4th quarter valued at about $239,000.

BondBloxx Private Credit CLO ETF Price Performance

BondBloxx Private Credit CLO ETF stock opened at $50.46 on Friday. The company’s 50 day simple moving average is $50.21 and its 200-day simple moving average is $50.35. BondBloxx Private Credit CLO ETF has a 1 year low of $48.38 and a 1 year high of $52.02.

BondBloxx Private Credit CLO ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.2648 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.

Further Reading

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