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

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 12,196 shares, an increase of 104.2% from the January 29th total of 5,972 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 53,764 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 53,764 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

AB Core Plus Bond ETF Stock Down 0.0%

NASDAQ:CPLS opened at $35.96 on Friday. AB Core Plus Bond ETF has a 52-week low of $34.22 and a 52-week high of $36.29. The stock has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $35.77.

AB Core Plus Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.1291 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in shares of AB Core Plus Bond ETF by 14.2% during the 2nd quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock worth $34,383,000 after purchasing an additional 120,495 shares during the last quarter. Goldman Sachs Group Inc. increased its position in AB Core Plus Bond ETF by 274.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,092 shares of the company’s stock worth $5,157,000 after buying an additional 106,329 shares in the last quarter. Royal Bank of Canada purchased a new position in AB Core Plus Bond ETF during the first quarter worth $2,608,000. Envestnet Asset Management Inc. raised its holdings in shares of AB Core Plus Bond ETF by 119.2% in the third quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock worth $4,813,000 after acquiring an additional 72,906 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of AB Core Plus Bond ETF in the third quarter valued at $1,899,000.

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.