Short Interest in AB Core Plus Bond ETF (NASDAQ:CPLS) Declines By 51.8%

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 5,972 shares, a decrease of 51.8% from the January 15th total of 12,402 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 35,204 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 35,204 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in shares of AB Core Plus Bond ETF by 274.3% in the third quarter. Global Retirement Partners LLC now owns 992 shares of the company’s stock worth $36,000 after purchasing an additional 727 shares in the last quarter. Cresta Advisors Ltd. acquired a new stake in shares of AB Core Plus Bond ETF in the fourth quarter valued at about $153,000. Raymond James Financial Inc. increased its position in AB Core Plus Bond ETF by 18.4% during the third quarter. Raymond James Financial Inc. now owns 8,242 shares of the company’s stock worth $296,000 after acquiring an additional 1,281 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of AB Core Plus Bond ETF in the first quarter valued at about $1,073,000. Finally, Jane Street Group LLC bought a new position in shares of AB Core Plus Bond ETF during the 1st quarter worth about $1,445,000.

AB Core Plus Bond ETF Price Performance

Shares of NASDAQ CPLS traded up $0.10 during mid-day trading on Friday, hitting $35.91. 7,069 shares of the company were exchanged, compared to its average volume of 31,912. AB Core Plus Bond ETF has a 1-year low of $34.22 and a 1-year high of $36.29. The stock has a 50 day simple moving average of $35.65 and a 200-day simple moving average of $35.73.

AB Core Plus Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1291 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.