AB Core Plus Bond ETF (NASDAQ:CPLS) Short Interest Down 94.4% in February

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

AB Core Plus Bond ETF Stock Performance

Shares of CPLS stock traded down $0.07 during trading hours on Wednesday, hitting $35.15. 8,625 shares of the company were exchanged, compared to its average volume of 10,455. AB Core Plus Bond ETF has a one year low of $34.37 and a one year high of $36.69. The business’s 50-day simple moving average is $34.99 and its two-hundred day simple moving average is $35.48.

AB Core Plus Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CPLS. NewEdge Advisors LLC bought a new position in AB Core Plus Bond ETF during the fourth quarter worth $3,600,000. Alliancebernstein L.P. raised its holdings in shares of AB Core Plus Bond ETF by 3.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,071,124 shares of the company’s stock worth $37,307,000 after purchasing an additional 39,153 shares during the period. Citadel Advisors LLC lifted its position in shares of AB Core Plus Bond ETF by 85.4% in the 4th quarter. Citadel Advisors LLC now owns 61,865 shares of the company’s stock worth $2,155,000 after buying an additional 28,490 shares during the last quarter. Jane Street Group LLC bought a new position in shares of AB Core Plus Bond ETF in the 3rd quarter worth about $1,030,000. Finally, Wagner Wealth Management LLC boosted its holdings in shares of AB Core Plus Bond ETF by 0.4% in the 4th quarter. Wagner Wealth Management LLC now owns 383,154 shares of the company’s stock valued at $13,345,000 after buying an additional 1,580 shares during the period.

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.