NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Sees Significant Drop in Short Interest

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 29,546 shares, a decline of 42.9% from the June 30th total of 51,708 shares. Based on an average trading volume of 82,481 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of NYLI MacKay Core Plus Bond ETF during the third quarter worth $74,000. Cetera Investment Advisers acquired a new position in shares of NYLI MacKay Core Plus Bond ETF in the first quarter valued at about $201,000. Jane Street Group LLC acquired a new position in shares of NYLI MacKay Core Plus Bond ETF in the second quarter valued at about $411,000. Keudell Morrison Wealth Management bought a new position in NYLI MacKay Core Plus Bond ETF during the fourth quarter worth about $533,000. Finally, Citadel Advisors LLC increased its position 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 purchasing an additional 25,352 shares in the last quarter.

NYLI MacKay Core Plus Bond ETF Price Performance

Shares of NYSEARCA CPLB traded down $0.14 during trading hours on Friday, reaching $20.59. 19,041 shares of the stock were exchanged, compared to its average volume of 49,642. NYLI MacKay Core Plus Bond ETF has a 52 week low of $20.56 and a 52 week high of $21.65. The stock’s fifty day simple moving average is $20.87 and its 200 day simple moving average is $21.06.

About NYLI MacKay Core Plus Bond ETF

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.