Short Interest in NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Declines By 42.9%

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 29,546 shares, a decline of 42.9% from the June 30th total of 51,708 shares. Based on an average trading volume of 82,481 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

NYLI MacKay Core Plus Bond ETF Stock Performance

Shares of NYLI MacKay Core Plus Bond ETF stock traded down $0.02 during trading hours on Wednesday, reaching $20.75. The stock had a trading volume of 20,684 shares, compared to its average volume of 50,027. The firm has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $21.07. NYLI MacKay Core Plus Bond ETF has a 1 year low of $20.68 and a 1 year high of $21.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPLB. Citadel Advisors LLC raised its stake in shares of NYLI MacKay Core Plus Bond ETF by 164.5% in the 3rd quarter. Citadel Advisors LLC now owns 40,768 shares of the company’s stock valued at $872,000 after acquiring an additional 25,352 shares during the period. Keudell Morrison Wealth Management acquired a new position in NYLI MacKay Core Plus Bond ETF during the 4th quarter worth approximately $533,000. Jane Street Group LLC acquired a new stake in NYLI MacKay Core Plus Bond ETF in the second quarter valued at approximately $411,000. Prosperity Financial Group Inc. raised its stake in shares of NYLI MacKay Core Plus Bond ETF by 63.2% during the third quarter. Prosperity Financial Group Inc. now owns 47,886 shares of the company’s stock valued at $1,024,000 after purchasing an additional 18,549 shares during the period. Finally, Fortis Group Advisors LLC raised its stake in shares of NYLI MacKay Core Plus Bond ETF by 29.2% during the fourth quarter. Fortis Group Advisors LLC now owns 78,405 shares of the company’s stock valued at $1,663,000 after purchasing an additional 17,732 shares during the period.

NYLI MacKay Core Plus Bond ETF Company Profile

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.