AB Core Plus Bond ETF (NASDAQ:CPLS) Shares Shorted: Short Interest Up 70.7% in September

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 671 shares, an increase of 70.7% from the August 31st total of 393 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 12,853 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in AB Core Plus Bond ETF by 3.0% during the second quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock worth $5,354,000 after acquiring an additional 4,388 shares in the last quarter. Royal Bank of Canada increased its stake in shares of AB Core Plus Bond ETF by 3.4% during the first quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock valued at $4,224,000 after purchasing an additional 3,957 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in shares of AB Core Plus Bond ETF by 6.4% during the first quarter. Valley Wealth Managers Inc. now owns 62,262 shares of the company’s stock valued at $2,196,000 after purchasing an additional 3,724 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of AB Core Plus Bond ETF by 8.2% during the first quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock valued at $1,704,000 after purchasing an additional 3,656 shares during the last quarter.

AB Core Plus Bond ETF Price Performance

CPLS stock traded up $0.01 during midday trading on Wednesday, hitting $33.48. The stock had a trading volume of 415 shares, compared to its average volume of 19,537. The business has a 50-day moving average of $34.37 and a two-hundred day moving average of $34.86. AB Core Plus Bond ETF has a 52-week low of $33.40 and a 52-week high of $36.29.

AB Core Plus Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a $0.1325 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.59 dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from AB Core Plus Bond ETF’s previous monthly dividend of $0.1308.

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.