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

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,053 shares, an increase of 261.9% from the June 30th total of 291 shares. Based on an average trading volume of 17,619 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

AB Core Plus Bond ETF Trading Up 0.2%

Shares of CPLS traded up $0.07 during mid-day trading on Monday, reaching $34.61. The stock had a trading volume of 31,824 shares, compared to its average volume of 20,861. AB Core Plus Bond ETF has a 52-week low of $34.50 and a 52-week high of $36.29. The business’s fifty day moving average is $34.98 and its 200 day moving average is $35.30.

AB Core Plus Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.1283 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of AB Core Plus Bond ETF

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of AB Core Plus Bond ETF during the 3rd quarter valued at approximately $1,899,000. Valley Wealth Managers Inc. lifted its holdings in AB Core Plus Bond ETF by 43.5% in the fourth quarter. Valley Wealth Managers Inc. now owns 58,538 shares of the company’s stock valued at $2,080,000 after acquiring an additional 17,755 shares during the last quarter. Cresta Advisors Ltd. acquired a new position in AB Core Plus Bond ETF in the fourth quarter valued at approximately $153,000. NewEdge Advisors LLC grew its position in AB Core Plus Bond ETF by 5.4% in the third quarter. NewEdge Advisors LLC now owns 137,966 shares of the company’s stock worth $4,953,000 after acquiring an additional 7,046 shares during the period. Finally, Royal Bank of Canada grew its position in AB Core Plus Bond ETF by 16.0% in the fourth quarter. Royal Bank of Canada now owns 115,814 shares of the company’s stock worth $4,116,000 after acquiring an additional 15,999 shares during the period.

About AB Core Plus Bond ETF

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.