AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Down 41.7% in May

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 620 shares, a decline of 41.7% from the April 30th total of 1,064 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,628 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in AB Core Plus Bond ETF by 119.2% during the third quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock valued at $4,813,000 after purchasing an additional 72,906 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of AB Core Plus Bond ETF during the 3rd quarter valued at about $1,899,000. Valley Wealth Managers Inc. raised its holdings in shares of AB Core Plus Bond ETF by 43.5% during the 4th quarter. Valley Wealth Managers Inc. now owns 58,538 shares of the company’s stock valued at $2,080,000 after buying an additional 17,755 shares in the last quarter. Cresta Advisors Ltd. purchased a new position in shares of AB Core Plus Bond ETF during the 4th quarter valued at about $153,000. Finally, NewEdge Advisors LLC raised its holdings in shares of AB Core Plus Bond ETF by 5.4% during the 3rd quarter. NewEdge Advisors LLC now owns 137,966 shares of the company’s stock valued at $4,953,000 after buying an additional 7,046 shares in the last quarter.

AB Core Plus Bond ETF Stock Down 0.3%

NASDAQ:CPLS opened at $35.12 on Tuesday. The firm’s 50 day moving average is $35.21 and its 200 day moving average is $35.52. AB Core Plus Bond ETF has a 12 month low of $34.67 and a 12 month high of $36.29.

AB Core Plus Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be given a dividend of $0.1307 per share. This is an increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date is Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.