Short Interest in AB Core Plus Bond ETF (NASDAQ:CPLS) Decreases By 22.9%

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 9,403 shares, a drop of 22.9% from the February 12th total of 12,196 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,851 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 44,851 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

AB Core Plus Bond ETF Stock Performance

NASDAQ:CPLS traded down $0.05 during trading hours on Friday, reaching $35.15. The company had a trading volume of 7,484 shares, compared to its average volume of 34,079. The stock has a 50-day moving average of $35.66 and a two-hundred day moving average of $35.78. AB Core Plus Bond ETF has a one year low of $34.22 and a one year high of $36.29.

AB Core Plus Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1274 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Trading of AB Core Plus Bond ETF

Several large investors have recently added to or reduced their stakes in CPLS. Alliancebernstein L.P. increased its holdings in shares of AB Core Plus Bond ETF by 14.2% during the second quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock worth $34,383,000 after buying an additional 120,495 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of AB Core Plus Bond ETF by 274.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 145,092 shares of the company’s stock worth $5,157,000 after acquiring an additional 106,329 shares in the last quarter. Royal Bank of Canada bought a new stake in AB Core Plus Bond ETF during the 1st quarter worth approximately $2,608,000. Envestnet Asset Management Inc. increased its holdings in AB Core Plus Bond ETF by 119.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock valued at $4,813,000 after purchasing an additional 72,906 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in AB Core Plus Bond ETF in the 3rd quarter valued at $1,899,000.

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.