AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Up 53.0% in January

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 12,402 shares, a growth of 53.0% from the December 31st total of 8,104 shares. Based on an average trading volume of 6,850 shares, the short-interest ratio is presently 1.8 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 6,850 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake 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 last quarter. Royal Bank of Canada acquired a new position in AB Core Plus Bond ETF during the 1st quarter worth $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 buying 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 valued at $1,899,000. Finally, Jane Street Group LLC acquired a new position in shares of AB Core Plus Bond ETF during the first quarter valued at $1,445,000.

AB Core Plus Bond ETF Trading Down 0.4%

CPLS stock traded down $0.14 during midday trading on Monday, reaching $35.50. 6,721 shares of the company’s stock traded hands, compared to its average volume of 20,251. The company has a 50-day simple moving average of $35.70 and a two-hundred day simple moving average of $35.72. AB Core Plus Bond ETF has a 1-year low of $34.22 and a 1-year high of $36.29.

AB Core Plus Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be paid a $0.1291 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.