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

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,492 shares, a growth of 231.6% from the July 15th total of 1,053 shares. Based on an average daily trading volume, of 10,216 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada acquired a new position in AB Core Plus Bond ETF in the 1st quarter valued at $2,608,000. Goldman Sachs Group Inc. purchased a new stake in AB Core Plus Bond ETF during the 1st quarter worth about $1,073,000. Jane Street Group LLC acquired a new stake in shares of AB Core Plus Bond ETF during the first quarter worth $1,445,000. NewEdge Advisors LLC grew its stake in shares of AB Core Plus Bond ETF by 15.3% during the 2nd quarter. NewEdge Advisors LLC now owns 130,920 shares of the company’s stock valued at $4,646,000 after buying an additional 17,409 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in AB Core Plus Bond ETF by 14.2% in the second quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock valued at $34,383,000 after buying an additional 120,495 shares during the period.

AB Core Plus Bond ETF Stock Up 0.4%

NASDAQ CPLS traded up $0.14 during trading on Thursday, reaching $34.69. 1,188 shares of the company’s stock were exchanged, compared to its average volume of 19,678. AB Core Plus Bond ETF has a 1 year low of $34.47 and a 1 year high of $36.29. The company has a 50 day moving average price of $34.86 and a two-hundred day moving average price of $35.21.

AB Core Plus Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.1308 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.5%. This is an increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13.

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.