NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Sees Significant Decline in Short Interest

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 277 shares, a decline of 91.6% from the December 31st total of 3,312 shares. Based on an average daily trading volume, of 7,066 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,066 shares, the short-interest ratio is presently 0.0 days.

NYLI MacKay Core Plus Bond ETF Stock Performance

Shares of NYSEARCA CPLB traded down $0.04 during trading hours on Wednesday, reaching $21.27. 2,322 shares of the stock traded hands, compared to its average volume of 31,951. The company’s 50-day simple moving average is $21.29 and its two-hundred day simple moving average is $21.29. NYLI MacKay Core Plus Bond ETF has a 52-week low of $20.48 and a 52-week high of $21.65.

Institutional Trading of NYLI MacKay Core Plus Bond ETF

Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in NYLI MacKay Core Plus Bond ETF in the second quarter worth $57,000. JPMorgan Chase & Co. bought a new position in shares of NYLI MacKay Core Plus Bond ETF in the 3rd quarter worth about $74,000. World Investment Advisors bought a new stake in NYLI MacKay Core Plus Bond ETF during the third quarter worth about $359,000. Prosperity Financial Group Inc. grew its holdings in NYLI MacKay Core Plus Bond ETF by 63.2% in the third quarter. Prosperity Financial Group Inc. now owns 47,886 shares of the company’s stock worth $1,024,000 after purchasing an additional 18,549 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of NYLI MacKay Core Plus Bond ETF during the second quarter valued at approximately $411,000.

About NYLI MacKay Core Plus Bond ETF

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.