BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Stock Short Interest Rises 63.4%

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

BondBloxx Private Credit CLO ETF Stock Performance

Shares of BondBloxx Private Credit CLO ETF stock traded up $0.04 during trading on Friday, hitting $49.96. 18,045 shares of the stock traded hands, compared to its average volume of 42,551. The stock’s fifty day simple moving average is $49.85 and its 200 day simple moving average is $49.71. BondBloxx Private Credit CLO ETF has a 52-week low of $48.86 and a 52-week high of $51.14.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

A number of large investors have recently made changes to their positions in the business. WT Wealth Management raised its position in shares of BondBloxx Private Credit CLO ETF by 139.5% in the 1st quarter. WT Wealth Management now owns 85,169 shares of the company’s stock valued at $4,188,000 after purchasing an additional 49,608 shares during the last quarter. Markowski Investments acquired a new stake in BondBloxx Private Credit CLO ETF in the second quarter valued at approximately $2,044,000. Compass Financial Management LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF in the second quarter valued at about $2,010,000. Envestnet Asset Management Inc. increased its position in shares of BondBloxx Private Credit CLO ETF by 19.9% during the second quarter. Envestnet Asset Management Inc. now owns 237,363 shares of the company’s stock worth $11,838,000 after purchasing an additional 39,451 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in BondBloxx Private Credit CLO ETF by 159.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,934 shares of the company’s stock valued at $1,619,000 after acquiring an additional 20,258 shares during the last quarter.

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.