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 significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 9,403 shares, a decline of 22.9% from the February 12th total of 12,196 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 44,851 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 44,851 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

AB Core Plus Bond ETF Trading Down 0.1%

NASDAQ CPLS traded down $0.05 during trading hours on Friday, hitting $35.15. The company’s stock had a trading volume of 7,484 shares, compared to its average volume of 34,079. AB Core Plus Bond ETF has a twelve month low of $34.22 and a twelve month high of $36.29. The stock has a fifty day moving average of $35.66 and a 200 day moving average of $35.78.

AB Core Plus Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1274 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Investors Weigh In On AB Core Plus Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in AB Core Plus Bond ETF by 10.1% in the fourth quarter. NewEdge Advisors LLC now owns 151,894 shares of the company’s stock valued at $5,398,000 after purchasing an additional 13,928 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in AB Core Plus Bond ETF by 92.8% during the fourth quarter. Osaic Holdings Inc. now owns 32,815 shares of the company’s stock worth $1,166,000 after buying an additional 15,794 shares during the last quarter. Royal Bank of Canada boosted its holdings in AB Core Plus Bond ETF by 16.0% during the fourth quarter. Royal Bank of Canada now owns 115,814 shares of the company’s stock worth $4,116,000 after buying an additional 15,999 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of AB Core Plus Bond ETF by 19.3% during the 4th quarter. Kestra Advisory Services LLC now owns 44,666 shares of the company’s stock worth $1,587,000 after buying an additional 7,229 shares during the period. Finally, LPL Financial LLC increased its stake in shares of AB Core Plus Bond ETF by 3.8% in the 4th quarter. LPL Financial LLC now owns 1,299,397 shares of the company’s stock valued at $46,181,000 after acquiring an additional 47,674 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.