NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 51,708 shares, a growth of 251.6% from the June 15th total of 14,705 shares. Based on an average trading volume of 16,310 shares, the short-interest ratio is presently 3.2 days. Approximately 0.3% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of NYLI MacKay Core Plus Bond ETF during the third quarter worth about $74,000. Cetera Investment Advisers purchased a new stake in shares of NYLI MacKay Core Plus Bond ETF during the 1st quarter valued at about $201,000. Jane Street Group LLC purchased a new stake in shares of NYLI MacKay Core Plus Bond ETF during the 2nd quarter valued at about $411,000. Keudell Morrison Wealth Management acquired a new position in NYLI MacKay Core Plus Bond ETF during the 4th quarter worth approximately $533,000. Finally, Citadel Advisors LLC lifted its position in NYLI MacKay Core Plus Bond ETF by 164.5% during the 3rd quarter. Citadel Advisors LLC now owns 40,768 shares of the company’s stock worth $872,000 after acquiring an additional 25,352 shares in the last quarter.
NYLI MacKay Core Plus Bond ETF Stock Performance
Shares of CPLB stock traded up $0.05 during mid-day trading on Tuesday, reaching $20.82. The company’s stock had a trading volume of 38,803 shares, compared to its average volume of 41,805. The company’s 50 day simple moving average is $20.91 and its 200-day simple moving average is $21.11. NYLI MacKay Core Plus Bond ETF has a 12-month low of $20.70 and a 12-month high of $21.65.
About NYLI 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.
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