NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Stock Short Interest Rises 96.4%

NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 70,159 shares, a growth of 96.4% from the September 15th total of 35,717 shares. Based on an average daily volume of 55,010 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company’s shares are short sold.

NYLIM MacKay Core Plus Bond ETF Stock Performance

CPLB traded up $0.04 on Wednesday, reaching $20.11. 323,646 shares of the company traded hands, compared to its average volume of 65,114. NYLIM MacKay Core Plus Bond ETF has a 52-week low of $19.88 and a 52-week high of $21.60. The stock’s 50 day moving average price is $20.45 and its 200-day moving average price is $20.76.

Institutional Trading of NYLIM MacKay Core Plus Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in NYLIM MacKay Core Plus Bond ETF by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 490,739 shares of the company’s stock worth $10,256,000 after purchasing an additional 62,716 shares during the period. Cetera Investment Advisers bought a new position in shares of NYLIM MacKay Core Plus Bond ETF during the first quarter valued at $201,000. Finally, Keudell Morrison Wealth Management lifted its holdings in shares of NYLIM MacKay Core Plus Bond ETF by 17.0% during the first quarter. Keudell Morrison Wealth Management now owns 29,395 shares of the company’s stock valued at $617,000 after acquiring an additional 4,275 shares during the period.

NYLIM MacKay Core Plus Bond ETF Company Profile

The NYLI MacKay Core Plus Bond ETF (CPLB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a wide range of corporate, government, mortgage-related and asset-backed securities, while aiming to maintain a portfolio modified duration to worst within 2.5 years of its benchmark. Up to 30% may be invested in high yield bonds, and up to 20% in foreign issuers. CPLB was launched on Jun 17, 2021 and is issued by New York Life Investments.