AB Core Plus Bond ETF (NASDAQ:CPLS) Stock Short Interest Jumps 70.7%

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 671 shares, a growth of 70.7% from the August 31st total of 393 shares. Based on an average daily volume of 12,853 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

AB Core Plus Bond ETF Stock Down 0.2%

Shares of AB Core Plus Bond ETF stock traded down $0.08 during trading on Thursday, reaching $33.33. The company’s stock had a trading volume of 5,635 shares, compared to its average volume of 19,393. AB Core Plus Bond ETF has a 12-month low of $33.21 and a 12-month high of $36.29. The business has a 50 day moving average price of $34.34 and a 200-day moving average price of $34.85.

AB Core Plus Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.1290 per share. This is a drop from AB Core Plus Bond ETF’s previous monthly dividend of $0.1325. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.6%.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in AB Core Plus Bond ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock valued at $5,354,000 after buying an additional 4,388 shares during the last quarter. Royal Bank of Canada increased its position 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 worth $4,224,000 after buying an additional 3,957 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of AB Core Plus Bond ETF by 6.4% in the first quarter. Valley Wealth Managers Inc. now owns 62,262 shares of the company’s stock worth $2,196,000 after acquiring an additional 3,724 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of AB Core Plus Bond ETF by 8.2% in the first quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,656 shares during the last quarter.

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.