AB Core Plus Bond ETF (NASDAQ:CPLS) Sees Large Drop in Short Interest

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 110 shares, a decline of 76.2% from the October 15th total of 463 shares. Based on an average daily trading volume, of 7,959 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

AB Core Plus Bond ETF Trading Down 0.2%

AB Core Plus Bond ETF stock traded down $0.06 during mid-day trading on Friday, hitting $33.49. The stock had a trading volume of 6,856 shares, compared to its average volume of 19,341. The firm’s 50 day moving average is $33.79 and its 200 day moving average is $34.80. AB Core Plus Bond ETF has a one year low of $33.21 and a one year high of $36.06.

AB Core Plus Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.1335 dividend. The ex-dividend date was Monday, November 2nd. This is a positive change from AB Core Plus Bond ETF’s previous monthly dividend of $0.1290. This represents a $1.60 annualized dividend and a dividend yield of 4.8%.

Hedge Funds Weigh In On AB Core Plus Bond ETF

A number of hedge funds have recently made changes to their positions in CPLS. Envestnet Asset Management Inc. grew its position in shares of AB Core Plus Bond ETF by 3.0% during the second quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock worth $5,354,000 after purchasing an additional 4,388 shares in the last quarter. Royal Bank of Canada raised its stake in 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 valued at $4,224,000 after purchasing an additional 3,957 shares during the period. Valley Wealth Managers Inc. purchased a new position in AB Core Plus Bond ETF in the 3rd quarter worth approximately $3,513,000. Kestra Advisory Services LLC lifted its holdings in AB Core Plus Bond ETF by 8.2% in the 1st quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,656 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in AB Core Plus Bond ETF in the 3rd quarter worth approximately $669,000.

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.