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

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 291 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 9,782 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On AB Core Plus Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPLS. JPMorgan Chase & Co. acquired a new position in shares of AB Core Plus Bond ETF during the third quarter worth about $1,899,000. Valley Wealth Managers Inc. lifted its stake in AB Core Plus Bond ETF by 43.5% in the 4th 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 in the last quarter. Cresta Advisors Ltd. acquired a new position in AB Core Plus Bond ETF during the 4th quarter worth approximately $153,000. Royal Bank of Canada boosted its position in AB Core Plus Bond ETF by 16.0% during the 4th 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 last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of AB Core Plus Bond ETF by 19.3% during the 4th quarter. Kestra Advisory Services LLC now owns 44,666 shares of the company’s stock worth $1,587,000 after acquiring an additional 7,229 shares in the last quarter.

AB Core Plus Bond ETF Trading Up 0.2%

NASDAQ:CPLS opened at $34.87 on Friday. AB Core Plus Bond ETF has a fifty-two week low of $34.67 and a fifty-two week high of $36.29. The business’s 50-day simple moving average is $35.02 and its 200-day simple moving average is $35.34.

AB Core Plus Bond ETF Cuts Dividend

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

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.