NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Short Interest Up 81.4% in March

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 32,838 shares, an increase of 81.4% from the February 26th total of 18,106 shares. Based on an average daily trading volume, of 70,644 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

NYLI MacKay Core Plus Bond ETF Stock Performance

CPLB traded down $0.03 during trading on Friday, reaching $20.90. 13,922 shares of the company’s stock were exchanged, compared to its average volume of 30,792. NYLI MacKay Core Plus Bond ETF has a 1 year low of $20.48 and a 1 year high of $21.65. The company’s fifty day simple moving average is $21.27 and its 200-day simple moving average is $21.32.

Institutional Trading of NYLI MacKay Core Plus Bond ETF

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of NYLI MacKay Core Plus Bond ETF by 13.4% during the third quarter. Envestnet Asset Management Inc. now owns 314,461 shares of the company’s stock worth $6,724,000 after purchasing an additional 37,065 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in NYLI MacKay Core Plus Bond ETF by 29.2% during the 4th quarter. Fortis Group Advisors LLC now owns 78,405 shares of the company’s stock valued at $1,663,000 after purchasing an additional 17,732 shares in the last quarter. Prosperity Financial Group Inc. increased its stake in NYLI MacKay Core Plus Bond ETF by 63.2% during the 3rd quarter. Prosperity Financial Group Inc. now owns 47,886 shares of the company’s stock worth $1,024,000 after buying an additional 18,549 shares during the period. Citadel Advisors LLC increased its stake in NYLI MacKay Core Plus Bond ETF by 164.5% during the 3rd quarter. Citadel Advisors LLC now owns 40,768 shares of the company’s stock worth $872,000 after buying an additional 25,352 shares during the period. Finally, Jane Street Group LLC lifted its holdings in NYLI MacKay Core Plus Bond ETF by 103.6% in the 4th quarter. Jane Street Group LLC now owns 35,854 shares of the company’s stock worth $761,000 after buying an additional 18,242 shares in the last quarter.

NYLI MacKay Core Plus Bond ETF Company Profile

The NYLI MacKay Core Plus Bond ETF (CPLB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a wide range of corporate, government, mortgage-related and asset-backed securities, while aiming to maintain a portfolio modified duration to worst within 2.5 years of its benchmark. Up to 30% may be invested in high yield bonds, and up to 20% in foreign issuers. CPLB was launched on Jun 17, 2021 and is issued by New York Life Investments.