BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Down 36.6% in July

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 25,244 shares, a decrease of 36.6% from the July 15th total of 39,793 shares. Based on an average trading volume of 20,321 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

Several large investors have recently added to or reduced their stakes in PCMM. Royal Bank of Canada bought a new stake in BondBloxx Private Credit CLO ETF in the fourth quarter valued at $64,000. Wealth Preservation Advisors LLC bought a new position in shares of BondBloxx Private Credit CLO ETF during the fourth quarter worth about $70,000. Brady Martz Wealth Solutions LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF in the 1st quarter worth about $245,000. Focused Alpha LLC acquired a new stake in shares of BondBloxx Private Credit CLO ETF in the 4th quarter worth about $300,000. Finally, Kestra Private Wealth Services LLC bought a new stake in BondBloxx Private Credit CLO ETF in the 1st quarter valued at about $325,000.

BondBloxx Private Credit CLO ETF Stock Performance

PCMM stock traded down $0.02 during midday trading on Tuesday, reaching $49.79. The company had a trading volume of 45,799 shares, compared to its average volume of 37,494. The stock has a 50 day moving average price of $49.78 and a 200 day moving average price of $49.75. BondBloxx Private Credit CLO ETF has a fifty-two week low of $48.86 and a fifty-two week high of $51.09.

BondBloxx Private Credit CLO ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a dividend of $0.2559 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.2%. This is an increase from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26.

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.