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

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 18,106 shares, a growth of 1,380.5% from the February 12th total of 1,223 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 28,386 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 28,386 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On NYLI MacKay Core Plus Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in NYLI MacKay Core Plus Bond ETF in the second quarter valued at approximately $5,914,000. Fortis Group Advisors LLC purchased a new position in NYLI MacKay Core Plus Bond ETF during the 3rd quarter worth approximately $1,298,000. Citadel Advisors LLC lifted its stake in NYLI MacKay Core Plus Bond ETF by 164.5% during 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 stake in NYLI MacKay Core Plus Bond ETF during the 4th quarter valued at approximately $533,000. Finally, Jane Street Group LLC purchased a new stake in shares of NYLI MacKay Core Plus Bond ETF in the 2nd quarter valued at $411,000.

NYLI MacKay Core Plus Bond ETF Stock Performance

CPLB traded down $0.08 on Tuesday, reaching $21.25. 17,636 shares of the stock were exchanged, compared to its average volume of 26,207. The company’s 50-day moving average price is $21.32 and its 200 day moving average price is $21.34. NYLI MacKay Core Plus Bond ETF has a fifty-two week low of $20.48 and a fifty-two week high of $21.65.

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.