NYLIM MacKay Core Plus Bond ETF (NYSEARCA:CPLB – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 20,641 shares, a decrease of 90.1% from the October 15th total of 207,665 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 201,831 shares, the days-to-cover ratio is currently 0.1 days.
NYLIM MacKay Core Plus Bond ETF Trading Down 0.2%
NYSEARCA:CPLB traded down $0.04 during mid-day trading on Friday, hitting $20.12. The company had a trading volume of 31,532 shares, compared to its average volume of 81,604. NYLIM MacKay Core Plus Bond ETF has a fifty-two week low of $19.88 and a fifty-two week high of $21.53. The business’s fifty day moving average is $20.26 and its two-hundred day moving average is $20.81.
Hedge Funds Weigh In On NYLIM MacKay Core Plus Bond ETF
Several institutional investors have recently modified their holdings of the stock. New York Life Investment Management LLC acquired a new stake in shares of NYLIM MacKay Core Plus Bond ETF in the 3rd quarter valued at approximately $267,540,000. Envestnet Asset Management Inc. grew its holdings in NYLIM MacKay Core Plus Bond ETF by 14.7% during the second quarter. Envestnet Asset Management Inc. now owns 490,739 shares of the company’s stock valued at $10,256,000 after purchasing an additional 62,716 shares during the period. Finally, Cetera Investment Advisers acquired a new position in NYLIM MacKay Core Plus Bond ETF during the first quarter valued at approximately $201,000.
About NYLIM 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.
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