NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 70,159 shares, a growth of 96.4% from the September 15th total of 35,717 shares. Based on an average trading volume of 55,010 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.3% of the shares of the stock are sold short.
NYLIM MacKay Core Plus Bond ETF Stock Performance
NYLIM MacKay Core Plus Bond ETF stock traded down $0.01 during midday trading on Friday, reaching $20.18. 35,072 shares of the stock were exchanged, compared to its average volume of 66,285. NYLIM MacKay Core Plus Bond ETF has a 52 week low of $19.88 and a 52 week high of $21.60. The company’s fifty day moving average is $20.43 and its 200-day moving average is $20.75.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of CPLB. Envestnet Asset Management Inc. boosted its stake in NYLIM MacKay Core Plus Bond ETF by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 490,739 shares of the company’s stock worth $10,256,000 after buying an additional 62,716 shares in the last quarter. Keudell Morrison Wealth Management boosted its holdings in NYLIM MacKay Core Plus Bond ETF by 17.0% during the 1st quarter. Keudell Morrison Wealth Management now owns 29,395 shares of the company’s stock valued at $617,000 after acquiring an additional 4,275 shares during the period. Finally, Cetera Investment Advisers purchased a new position in NYLIM MacKay Core Plus Bond ETF in the 1st quarter worth approximately $201,000.
About NYLIM 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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