AB Core Plus Bond ETF (NASDAQ:CPLS) Sees Significant Growth in Short Interest

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 463 shares, an increase of 571.0% from the September 30th total of 69 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 34,574 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Several hedge funds have recently bought and sold shares of CPLS. Valley Wealth Managers Inc. purchased a new position in AB Core Plus Bond ETF in the 3rd quarter worth approximately $3,513,000. Envestnet Asset Management Inc. raised its position in shares of AB Core Plus Bond ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock valued at $5,354,000 after buying an additional 4,388 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of AB Core Plus Bond ETF by 3.4% during the 1st quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock worth $4,224,000 after acquiring an additional 3,957 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of AB Core Plus Bond ETF by 8.2% during the 1st quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,656 shares during the last quarter.

AB Core Plus Bond ETF Price Performance

AB Core Plus Bond ETF stock traded up $0.01 during midday trading on Tuesday, hitting $33.88. 2,006 shares of the company’s stock were exchanged, compared to its average volume of 19,762. AB Core Plus Bond ETF has a 52-week low of $33.21 and a 52-week high of $36.25. The stock has a 50-day moving average price of $33.97 and a two-hundred day moving average price of $34.91.

AB Core Plus Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.1290 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from AB Core Plus Bond ETF’s previous monthly dividend of $0.1325. This represents a $1.55 annualized dividend and a dividend yield of 4.6%.

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.