AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Update

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 12,402 shares, a growth of 53.0% from the December 31st total of 8,104 shares. Based on an average trading volume of 6,850 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 6,850 shares, the short-interest ratio is presently 1.8 days.

AB Core Plus Bond ETF Stock Performance

Shares of CPLS stock traded up $0.01 during trading hours on Friday, reaching $35.64. The company had a trading volume of 7,092 shares, compared to its average volume of 21,040. AB Core Plus Bond ETF has a 1-year low of $34.22 and a 1-year high of $36.29. The company has a 50 day moving average of $35.70 and a 200 day moving average of $35.71.

Hedge Funds Weigh In On AB Core Plus Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its position in shares of AB Core Plus Bond ETF by 14.2% during the 2nd quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock worth $34,383,000 after buying an additional 120,495 shares during the period. Royal Bank of Canada bought a new position in AB Core Plus Bond ETF during the 1st quarter worth approximately $2,608,000. Envestnet Asset Management Inc. boosted its stake in AB Core Plus Bond ETF by 119.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock worth $4,813,000 after acquiring an additional 72,906 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in AB Core Plus Bond ETF during the third quarter valued at approximately $1,899,000. Finally, Jane Street Group LLC bought a new stake in AB Core Plus Bond ETF in the first quarter valued at approximately $1,445,000.

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.