NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Stock Short Interest Jumps 96.4%

NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 70,159 shares, an increase of 96.4% from the September 15th total of 35,717 shares. Based on an average trading volume of 55,010 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the company’s shares are short sold.

NYLIM MacKay Core Plus Bond ETF Stock Performance

Shares of NYLIM MacKay Core Plus Bond ETF stock traded up $0.08 on Thursday, hitting $20.19. 328,982 shares of the company’s stock traded hands, compared to its average volume of 66,447. The firm’s 50-day moving average price is $20.43 and its two-hundred day moving average price is $20.75. NYLIM MacKay Core Plus Bond ETF has a one year low of $19.88 and a one year high of $21.60.

Hedge Funds Weigh In On NYLIM MacKay Core Plus Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of NYLIM MacKay Core Plus Bond ETF by 14.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 490,739 shares of the company’s stock valued at $10,256,000 after acquiring an additional 62,716 shares during the period. Keudell Morrison Wealth Management raised its holdings in NYLIM MacKay Core Plus Bond ETF by 17.0% in the first quarter. Keudell Morrison Wealth Management now owns 29,395 shares of the company’s stock worth $617,000 after purchasing an additional 4,275 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in NYLIM MacKay Core Plus Bond ETF in the first quarter worth $201,000.

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.