AB Core Plus Bond ETF (NASDAQ:CPLS) Sees Significant Decrease in Short Interest

AB Core Plus Bond ETF (NASDAQ:CPLS) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 110 shares, a decrease of 76.2% from the October 15th total of 463 shares. Based on an average daily trading volume, of 7,959 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On AB Core Plus Bond ETF

Several large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its holdings in shares of AB Core Plus Bond ETF by 8.2% during the 1st quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,656 shares during the period. Valley Wealth Managers Inc. increased its stake in AB Core Plus Bond ETF by 6.4% during the first quarter. Valley Wealth Managers Inc. now owns 62,262 shares of the company’s stock valued at $2,196,000 after acquiring an additional 3,724 shares during the period. Royal Bank of Canada raised its holdings in 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 valued at $4,224,000 after acquiring an additional 3,957 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of AB Core Plus Bond ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock worth $5,354,000 after acquiring an additional 4,388 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of AB Core Plus Bond ETF during the 3rd quarter worth approximately $669,000.

AB Core Plus Bond ETF Trading Up 0.1%

Shares of CPLS opened at $33.79 on Thursday. The business’s 50-day moving average is $33.81 and its 200-day moving average is $34.81. AB Core Plus Bond ETF has a fifty-two week low of $33.21 and a fifty-two week high of $36.06.

AB Core Plus Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.1335 dividend. This is a positive change from AB Core Plus Bond ETF’s previous monthly dividend of $0.1290. This represents a $1.60 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, November 2nd.

About AB Core Plus Bond ETF

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.