AB Core Plus Bond ETF (NASDAQ:CPLS) Stock Short Interest Report for October

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 463 shares, an increase of 571.0% from the September 30th total of 69 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 34,574 shares, the days-to-cover ratio is presently 0.0 days.

AB Core Plus Bond ETF Trading Up 0.3%

Shares of NASDAQ:CPLS traded up $0.11 on Thursday, hitting $33.94. The company had a trading volume of 11,903 shares, compared to its average volume of 19,770. The firm’s 50-day simple moving average is $33.94 and its two-hundred day simple moving average is $34.90. AB Core Plus Bond ETF has a 1 year low of $33.21 and a 1 year high of $36.25.

AB Core Plus Bond ETF Cuts Dividend

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

Institutional Trading of AB Core Plus Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new stake in shares of AB Core Plus Bond ETF during the 3rd quarter worth approximately $3,513,000. Envestnet Asset Management Inc. boosted 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 acquiring an additional 4,388 shares during the period. Royal Bank of Canada grew its position in AB Core Plus Bond ETF by 3.4% in the 1st quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock valued at $4,224,000 after acquiring an additional 3,957 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in AB Core Plus Bond ETF by 8.2% in the 1st quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,656 shares during the last quarter.

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.