NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Stock Short Interest Rises 196.0%

NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 207,665 shares, a growth of 196.0% from the September 30th total of 70,159 shares. Based on an average daily volume of 245,813 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

NYLIM MacKay Core Plus Bond ETF Stock Down 0.2%

CPLB traded down $0.05 during mid-day trading on Friday, reaching $20.27. The stock had a trading volume of 200,188 shares, compared to its average volume of 73,570. NYLIM MacKay Core Plus Bond ETF has a 52 week low of $19.88 and a 52 week high of $21.53. The firm’s fifty day simple moving average is $20.34 and its two-hundred day simple moving average is $20.86.

Institutional Trading of NYLIM MacKay Core Plus Bond ETF

An institutional investor recently raised its stake in NYLIM MacKay Core Plus Bond ETF stock. Envestnet Asset Management Inc. grew its stake in shares of NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB) by 14.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 490,739 shares of the company’s stock after acquiring an additional 62,716 shares during the quarter. Envestnet Asset Management Inc. owned about 2.45% of NYLIM MacKay Core Plus Bond ETF worth $10,256,000 as of its most recent SEC filing.

NYLIM 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.