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

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,247 shares, a decrease of 86.7% from the February 26th total of 9,403 shares. Based on an average daily trading volume, of 30,221 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 30,221 shares, the short-interest ratio is presently 0.0 days.

AB Core Plus Bond ETF Price Performance

NASDAQ CPLS opened at $35.06 on Wednesday. AB Core Plus Bond ETF has a 52-week low of $34.22 and a 52-week high of $36.29. The business’s 50-day moving average price is $35.60 and its 200 day moving average price is $35.76.

AB Core Plus Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1274 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Several institutional investors have recently bought and sold shares of CPLS. Alliancebernstein L.P. raised its position in AB Core Plus Bond ETF by 14.2% during the 2nd quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock worth $34,383,000 after buying an additional 120,495 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of AB Core Plus Bond ETF by 274.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,092 shares of the company’s stock worth $5,157,000 after acquiring an additional 106,329 shares during the period. Royal Bank of Canada purchased a new position in AB Core Plus Bond ETF during the first quarter worth about $2,608,000. Envestnet Asset Management Inc. raised its holdings in AB Core Plus Bond ETF by 119.2% during the third quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock worth $4,813,000 after purchasing an additional 72,906 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in AB Core Plus Bond ETF in the third quarter valued at about $1,899,000.

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.