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

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 69 shares, a drop of 89.7% from the September 15th total of 671 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 15,025 shares, the days-to-cover ratio is presently 0.0 days.

AB Core Plus Bond ETF Stock Down 0.0%

Shares of NASDAQ:CPLS traded down $0.01 during trading on Friday, hitting $33.41. 2,140 shares of the company were exchanged, compared to its average volume of 20,560. AB Core Plus Bond ETF has a fifty-two week low of $33.21 and a fifty-two week high of $36.29. The firm has a fifty day moving average price of $34.17 and a two-hundred day moving average price of $34.76.

AB Core Plus Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On AB Core Plus Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in AB Core Plus Bond ETF during the third quarter worth about $3,513,000. Envestnet Asset Management Inc. increased its position in 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 buying an additional 4,388 shares during the last quarter. Royal Bank of Canada increased its position in AB Core Plus Bond ETF by 3.4% during the first quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock worth $4,224,000 after buying an additional 3,957 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in AB Core Plus Bond ETF by 8.2% in the first quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock valued at $1,704,000 after buying an additional 3,656 shares during the period.

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.