NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Short Interest Down 96.2% in December

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,312 shares, a drop of 96.2% from the December 15th total of 86,216 shares. Based on an average daily volume of 6,018 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,018 shares, the short-interest ratio is presently 0.6 days.

NYLI MacKay Core Plus Bond ETF Price Performance

NYSEARCA CPLB traded up $0.04 during trading hours on Wednesday, hitting $21.31. The company’s stock had a trading volume of 2,277 shares, compared to its average volume of 7,686. The company’s 50 day simple moving average is $21.29 and its two-hundred day simple moving average is $21.28. NYLI MacKay Core Plus Bond ETF has a 12 month low of $20.48 and a 12 month high of $21.65.

Institutional Investors Weigh In On NYLI MacKay Core Plus Bond ETF

A number of large investors have recently made changes to their positions in CPLB. New York Life Investment Management LLC purchased a new stake in NYLI MacKay Core Plus Bond ETF during the second quarter valued at approximately $277,327,000. Envestnet Asset Management Inc. purchased a new position in NYLI MacKay Core Plus Bond ETF in the 2nd quarter worth approximately $5,914,000. Fortis Group Advisors LLC bought a new position in shares of NYLI MacKay Core Plus Bond ETF during the third quarter worth $1,298,000. Prosperity Financial Group Inc. bought a new position in shares of NYLI MacKay Core Plus Bond ETF during the 2nd quarter valued at about $625,000. Finally, Citadel Advisors LLC boosted its stake in NYLI MacKay Core Plus Bond ETF by 164.5% during the third quarter. Citadel Advisors LLC now owns 40,768 shares of the company’s stock valued at $872,000 after buying an additional 25,352 shares during the last quarter.

About NYLI MacKay Core Plus Bond ETF

The NYLI MacKay Core Plus Bond ETF (CPLB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a wide range of corporate, government, mortgage-related and asset-backed securities, while aiming to maintain a portfolio modified duration to worst within 2.5 years of its benchmark. Up to 30% may be invested in high yield bonds, and up to 20% in foreign issuers. CPLB was launched on Jun 17, 2021 and is issued by New York Life Investments.