AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Up 185.5% in March
by Amy Steele · The Cerbat GemAB Core Plus Bond ETF (NASDAQ:CPLS – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 3,560 shares, an increase of 185.5% from the March 15th total of 1,247 shares. Based on an average daily volume of 12,415 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Trading of AB Core Plus Bond ETF
Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of AB Core Plus Bond ETF during the 3rd quarter worth approximately $1,899,000. Global Retirement Partners LLC raised its holdings in shares of AB Core Plus Bond ETF by 274.3% during the 3rd quarter. Global Retirement Partners LLC now owns 992 shares of the company’s stock worth $36,000 after acquiring an additional 727 shares in the last quarter. Cresta Advisors Ltd. purchased a new stake in shares of AB Core Plus Bond ETF during the 4th quarter worth approximately $153,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of AB Core Plus Bond ETF during the 1st quarter worth approximately $1,073,000.
AB Core Plus Bond ETF Stock Up 0.2%
NASDAQ CPLS traded up $0.06 during trading hours on Monday, reaching $35.39. The company’s stock had a trading volume of 4,269 shares, compared to its average volume of 29,216. The firm’s 50-day moving average price is $35.50 and its 200-day moving average price is $35.69. AB Core Plus Bond ETF has a 1 year low of $34.60 and a 1 year high of $36.29.
AB Core Plus Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.1321 per share. This is a positive change from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.
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.