AB Core Plus Bond ETF (NASDAQ:CPLS) Sees Significant Increase in Short Interest

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,492 shares, an increase of 231.6% from the July 15th total of 1,053 shares. Based on an average daily volume of 10,216 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

AB Core Plus Bond ETF Stock Down 0.3%

AB Core Plus Bond ETF stock opened at $34.56 on Friday. The firm’s fifty day moving average price is $34.85 and its 200-day moving average price is $35.20. AB Core Plus Bond ETF has a fifty-two week low of $34.47 and a fifty-two week high of $36.29.

AB Core Plus Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a $0.1308 dividend. The ex-dividend date was Monday, August 3rd. This is a boost from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Investors Weigh In On AB Core Plus Bond ETF

A number of hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. increased its stake in shares of AB Core Plus Bond ETF by 18.4% in the 3rd quarter. Raymond James Financial Inc. now owns 8,242 shares of the company’s stock worth $296,000 after purchasing an additional 1,281 shares in the last quarter. Kestra Advisory Services LLC lifted its position in 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 in the last quarter. Valley Wealth Managers Inc. lifted its position in 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 in the last quarter. Royal Bank of Canada grew its holdings in 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 during the period. Finally, Cresta Advisors Ltd. bought a new stake in AB Core Plus Bond ETF during the fourth quarter valued at about $153,000.

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.