AB Core Plus Bond ETF (NASDAQ:CPLS) Sees Large Increase in Short Interest

Posted by Editorial Team on Nov 14th, 2024

AB Core Plus Bond ETF (NASDAQ:CPLS – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 400 shares, an increase of 33.3% from the October 15th total of 300 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On AB Core Plus Bond ETF

An institutional investor recently raised its position in AB Core Plus Bond ETF stock. Wagner Wealth Management LLC increased its holdings in shares of AB Core Plus Bond ETF (NASDAQ:CPLS – Free Report) by 30.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,574 shares of the company’s stock after buying an additional 89,808 shares during the period. AB Core Plus Bond ETF comprises approximately 3.8% of Wagner Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Wagner Wealth Management LLC owned approximately 25.44% of AB Core Plus Bond ETF worth $13,899,000 as of its most recent SEC filing.

AB Core Plus Bond ETF Price Performance

Shares of CPLS remained flat at $35.18 during mid-day trading on Thursday. 1,201 shares of the stock traded hands, compared to its average volume of 8,408. AB Core Plus Bond ETF has a 12-month low of $34.37 and a 12-month high of $36.69. The firm’s fifty day simple moving average is $35.96 and its 200 day simple moving average is $35.57.

AB Core Plus Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.134 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.61 dividend on an annualized basis and a dividend yield of 4.57%.

AB Core Plus Bond ETF Company Profile

(Get Free Report)

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.