Short Interest in AB Core Plus Bond ETF (NASDAQ:CPLS) Grows By 231.6%

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,492 shares, a growth 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 currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On AB Core Plus Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Cresta Advisors Ltd. purchased a new stake in AB Core Plus Bond ETF during the 4th quarter worth about $153,000. Raymond James Financial Inc. grew its position in AB Core Plus Bond ETF by 18.4% in the third quarter. Raymond James Financial Inc. now owns 8,242 shares of the company’s stock valued at $296,000 after acquiring an additional 1,281 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of AB Core Plus Bond ETF in the first quarter worth about $1,073,000. Osaic Holdings Inc. boosted its stake in AB Core Plus Bond ETF by 92.8% during the 4th quarter. Osaic Holdings Inc. now owns 32,815 shares of the company’s stock valued at $1,166,000 after acquiring an additional 15,794 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of AB Core Plus Bond ETF in the 1st quarter valued at approximately $1,445,000.

AB Core Plus Bond ETF Stock Down 0.3%

CPLS stock traded down $0.10 on Friday, hitting $34.57. The company’s stock had a trading volume of 3,147 shares, compared to its average volume of 19,591. AB Core Plus Bond ETF has a 1 year low of $34.47 and a 1 year high of $36.29. The firm has a 50 day moving average of $34.86 and a two-hundred day moving average of $35.20.

AB Core Plus Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.1308 per share. This is an increase 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%. The ex-dividend date of this dividend was Monday, August 3rd.

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.