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

by · The Cerbat Gem

AB Core Plus Bond ETF (NASDAQ:CPLS – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 300 shares, a drop of 66.7% from the September 30th total of 900 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is presently 0.1 days.

AB Core Plus Bond ETF Price Performance

NASDAQ CPLS traded up $0.10 on Friday, reaching $35.57. 1,097 shares of the stock were exchanged, compared to its average volume of 8,408. The company’s 50-day simple moving average is $36.18 and its two-hundred day simple moving average is $35.49. AB Core Plus Bond ETF has a one year low of $34.37 and a one year high of $36.69.

AB Core Plus Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 4th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.137 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.62%. This is an increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13.

Institutional Investors Weigh In On AB Core Plus Bond ETF

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

About AB Core Plus Bond ETF

(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.

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