AB Core Plus Bond ETF (NASDAQ:CPLS) Shares Shorted: Short Interest Up 571.0% in October

AB Core Plus Bond ETF (NASDAQ:CPLS) was the target of a significant increase in short interest during 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. Based on an average daily volume of 34,574 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Institutional investors have recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new position in shares of AB Core Plus Bond ETF during the 3rd quarter valued at about $3,513,000. Envestnet Asset Management Inc. grew its position in AB Core Plus Bond ETF by 3.0% during the second 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 last quarter. Royal Bank of Canada lifted its holdings in shares of 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 worth $4,224,000 after acquiring an additional 3,957 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of 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 worth $1,704,000 after acquiring an additional 3,656 shares during the last quarter.

AB Core Plus Bond ETF Stock Performance

Shares of AB Core Plus Bond ETF stock traded down $0.07 on Wednesday, hitting $33.83. 11,903 shares of the company traded hands, compared to its average volume of 19,770. The firm’s 50-day simple moving average is $33.96 and its 200 day simple moving average is $34.91. AB Core Plus Bond ETF has a 12-month low of $33.21 and a 12-month 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. Shareholders of record on Thursday, October 1st were paid a dividend of $0.1290 per share. This represents a $1.55 annualized dividend and a yield of 4.6%. This is a decrease from AB Core Plus Bond ETF’s previous monthly dividend of $0.1325. The ex-dividend date of this dividend was Thursday, October 1st.

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.