NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Stock Short Interest Falls 90.1%

NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 20,641 shares, a decrease of 90.1% from the October 15th total of 207,665 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 201,831 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On NYLIM MacKay Core Plus Bond ETF

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers bought a new position in shares of NYLIM MacKay Core Plus Bond ETF during the 1st quarter valued at $201,000. Envestnet Asset Management Inc. lifted its stake 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 last quarter. Finally, New York Life Investment Management LLC bought a new position in shares of NYLIM MacKay Core Plus Bond ETF during the third quarter valued at about $267,540,000.

NYLIM MacKay Core Plus Bond ETF Price Performance

NYSEARCA CPLB remained flat at $20.23 during trading hours on Wednesday. The company’s stock had a trading volume of 30,742 shares, compared to its average volume of 81,739. NYLIM MacKay Core Plus Bond ETF has a twelve month low of $19.88 and a twelve month high of $21.53. The firm has a 50-day moving average price of $20.27 and a 200 day moving average price of $20.82.

About NYLIM 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.