NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Stock Short Interest Falls 90.1%

NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 20,641 shares, a drop of 90.1% from the October 15th total of 207,665 shares. Based on an average trading volume of 201,831 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

NYLIM MacKay Core Plus Bond ETF Price Performance

NYLIM MacKay Core Plus Bond ETF stock remained flat at $20.23 during trading hours on Wednesday. The company’s stock had a trading volume of 30,742 shares, compared to its average volume of 81,739. NYLIM MacKay Core Plus Bond ETF has a 1-year low of $19.88 and a 1-year high of $21.53. The stock has a 50-day simple moving average of $20.27 and a 200-day simple moving average of $20.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. New York Life Investment Management LLC purchased a new position in shares of NYLIM MacKay Core Plus Bond ETF in the third quarter worth $267,540,000. Envestnet Asset Management Inc. raised its holdings in NYLIM MacKay Core Plus Bond ETF by 14.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 490,739 shares of the company’s stock valued at $10,256,000 after buying an additional 62,716 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in NYLIM MacKay Core Plus Bond ETF during the 1st quarter valued at $201,000.

About NYLIM 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.