AB Core Plus Bond ETF (NASDAQ:CPLS) Shares Shorted: Short Interest Up 571.0% in October

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 463 shares, an increase of 571.0% from the September 30th total of 69 shares. Based on an average daily volume of 34,574 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

AB Core Plus Bond ETF Stock Performance

NASDAQ:CPLS traded up $0.01 during trading hours on Tuesday, reaching $33.88. The stock had a trading volume of 2,006 shares, compared to its average volume of 19,762. The stock has a 50 day simple moving average of $33.97 and a 200 day simple moving average of $34.91. AB Core Plus Bond ETF has a 12-month low of $33.21 and a 12-month high of $36.25.

AB Core Plus Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1290 per share. This is a drop from AB Core Plus Bond ETF’s previous monthly dividend of $0.1325. This represents a $1.55 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, October 1st.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Several large investors have recently modified their holdings of CPLS. Valley Wealth Managers Inc. purchased a new position in shares of AB Core Plus Bond ETF in the third quarter valued at $3,513,000. Envestnet Asset Management Inc. lifted its holdings in AB Core Plus Bond ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock worth $5,354,000 after purchasing an additional 4,388 shares in the last quarter. Royal Bank of Canada lifted its holdings in AB Core Plus Bond ETF by 3.4% during the 1st quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock worth $4,224,000 after purchasing an additional 3,957 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in AB Core Plus Bond ETF by 8.2% in the 1st quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock worth $1,704,000 after purchasing 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.