Short Interest in AB Core Plus Bond ETF (NASDAQ:CPLS) Rises By 531.2%

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 8,104 shares, a growth of 531.2% from the December 15th total of 1,284 shares. Based on an average trading volume of 16,424 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 16,424 shares, the short-interest ratio is presently 0.5 days.

AB Core Plus Bond ETF Price Performance

NASDAQ:CPLS traded down $0.04 on Monday, reaching $35.61. 5,365 shares of the company’s stock were exchanged, compared to its average volume of 6,638. The stock has a fifty day simple moving average of $35.74 and a 200-day simple moving average of $35.68. AB Core Plus Bond ETF has a 52 week low of $34.22 and a 52 week high of $36.29.

AB Core Plus Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were issued a $0.1302 dividend. This is a boost from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its holdings in shares of AB Core Plus Bond ETF by 14.2% in the second quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock worth $34,383,000 after acquiring an additional 120,495 shares during the period. Royal Bank of Canada bought a new stake in shares of AB Core Plus Bond ETF during the 1st quarter valued at $2,608,000. Envestnet Asset Management Inc. lifted its holdings in AB Core Plus Bond ETF by 119.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock worth $4,813,000 after purchasing an additional 72,906 shares in the last quarter. JPMorgan Chase & Co. bought a new position in AB Core Plus Bond ETF in the 3rd quarter worth about $1,899,000. Finally, Jane Street Group LLC bought a new position in AB Core Plus Bond ETF in the 1st quarter worth about $1,445,000.

About AB Core Plus Bond ETF

The AB Core Plus Bond ETF (CPLS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in USD-denominated corporate and government debt securities of any maturity and credit quality. CPLS was launched on Dec 13, 2023 and is issued by AB Funds.