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

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 94.4% from the February 13th total of 1,800 shares. Based on an average daily volume of 23,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

AB Core Plus Bond ETF Stock Down 0.2 %

Shares of CPLS stock opened at $35.15 on Thursday. The business’s fifty day simple moving average is $35.00 and its 200-day simple moving average is $35.47. AB Core Plus Bond ETF has a 12-month low of $34.37 and a 12-month high of $36.69.

AB Core Plus Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1002 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. increased its holdings in shares of AB Core Plus Bond ETF by 3.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,071,124 shares of the company’s stock worth $37,307,000 after buying an additional 39,153 shares during the last quarter. Wagner Wealth Management LLC lifted its position in shares of AB Core Plus Bond ETF by 0.4% during the 4th quarter. Wagner Wealth Management LLC now owns 383,154 shares of the company’s stock worth $13,345,000 after purchasing an additional 1,580 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of AB Core Plus Bond ETF during the 4th quarter worth $3,600,000. Citadel Advisors LLC raised its stake in AB Core Plus Bond ETF by 85.4% during the 4th quarter. Citadel Advisors LLC now owns 61,865 shares of the company’s stock worth $2,155,000 after acquiring an additional 28,490 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in AB Core Plus Bond ETF during the 3rd quarter worth $1,030,000.

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.