NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Sees Significant Growth in Short Interest

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 15,759 shares, an increase of 5,589.2% from the January 15th total of 277 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 51,719 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 51,719 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On NYLI MacKay Core Plus Bond ETF

A number of large investors have recently modified their holdings of the stock. Keudell Morrison Wealth Management bought a new stake in shares of NYLI MacKay Core Plus Bond ETF during the fourth quarter valued at approximately $533,000. Fortis Group Advisors LLC lifted its holdings in NYLI MacKay Core Plus Bond ETF by 29.2% during the 4th quarter. Fortis Group Advisors LLC now owns 78,405 shares of the company’s stock worth $1,663,000 after buying an additional 17,732 shares in the last quarter. JPMorgan Chase & Co. bought a new position in NYLI MacKay Core Plus Bond ETF in the 3rd quarter valued at $74,000. Prosperity Financial Group Inc. increased its stake in shares of NYLI MacKay Core Plus Bond ETF by 63.2% in the 3rd quarter. Prosperity Financial Group Inc. now owns 47,886 shares of the company’s stock valued at $1,024,000 after buying an additional 18,549 shares during the period. Finally, Citadel Advisors LLC increased 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 buying an additional 25,352 shares during the period.

NYLI MacKay Core Plus Bond ETF Stock Performance

Shares of NYSEARCA:CPLB opened at $21.36 on Wednesday. The business has a fifty day moving average of $21.27 and a 200-day moving average of $21.30. NYLI MacKay Core Plus Bond ETF has a twelve month low of $20.48 and a twelve month high of $21.65.

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.