AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Update

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 671 shares, an increase of 70.7% from the August 31st total of 393 shares. Based on an average daily trading volume, of 12,853 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

AB Core Plus Bond ETF Stock Up 0.0%

NASDAQ:CPLS traded up $0.01 on Wednesday, reaching $33.48. 415 shares of the stock traded hands, compared to its average volume of 19,537. AB Core Plus Bond ETF has a 12 month low of $33.40 and a 12 month high of $36.29. The company’s fifty day simple moving average is $34.37 and its 200 day simple moving average is $34.86.

AB Core Plus Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.1325 per share. The ex-dividend date was Tuesday, September 1st. This is a positive change from AB Core Plus Bond ETF’s previous monthly dividend of $0.1308. This represents a $1.59 dividend on an annualized basis and a dividend yield of 4.7%.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in AB Core Plus Bond ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock valued at $5,354,000 after acquiring an additional 4,388 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of AB Core Plus Bond ETF by 3.4% in the 1st quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock worth $4,224,000 after purchasing an additional 3,957 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in shares of AB Core Plus Bond ETF by 6.4% in the 1st quarter. Valley Wealth Managers Inc. now owns 62,262 shares of the company’s stock worth $2,196,000 after purchasing an additional 3,724 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of AB Core Plus Bond ETF by 8.2% in the first quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,656 shares during the last quarter.

AB Core Plus Bond ETF Company Profile

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.