AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Update

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,560 shares, a growth of 185.5% from the March 15th total of 1,247 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 12,415 shares, the short-interest ratio is currently 0.3 days.

AB Core Plus Bond ETF Stock Performance

CPLS stock traded down $0.07 during trading on Friday, hitting $35.33. The company had a trading volume of 4,483 shares, compared to its average volume of 29,592. AB Core Plus Bond ETF has a 1-year low of $34.22 and a 1-year high of $36.29. The firm has a 50-day moving average price of $35.50 and a 200-day moving average price of $35.69.

AB Core Plus Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were given a $0.1321 dividend. This is a boost from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.5%.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. 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. acquired a new position in AB Core Plus Bond ETF in the 1st quarter valued at $1,073,000. Jane Street Group LLC acquired a new position in AB Core Plus Bond ETF in the 1st quarter valued at $1,445,000. NewEdge Advisors LLC increased its stake in AB Core Plus Bond ETF by 15.3% in 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. increased its stake in AB Core Plus Bond ETF by 14.2% in the 2nd 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.

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.