NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Sees Large Drop in Short Interest

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 6,669 shares, a drop of 79.7% from the March 15th total of 32,838 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 11,720 shares, the short-interest ratio is presently 0.6 days.

NYLI MacKay Core Plus Bond ETF Price Performance

Shares of NYSEARCA CPLB remained flat at $21.08 during mid-day trading on Monday. The stock had a trading volume of 3,112 shares, compared to its average volume of 30,920. The company has a 50 day moving average price of $21.22 and a 200-day moving average price of $21.29. NYLI MacKay Core Plus Bond ETF has a 12 month low of $20.75 and a 12 month high of $21.65.

Hedge Funds Weigh In On NYLI MacKay Core Plus Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in NYLI MacKay Core Plus Bond ETF during the third quarter worth about $74,000. World Investment Advisors bought a new position in NYLI MacKay Core Plus Bond ETF during the third quarter worth about $359,000. Jane Street Group LLC bought a new position in NYLI MacKay Core Plus Bond ETF during the second quarter worth about $411,000. Keudell Morrison Wealth Management bought a new position in NYLI MacKay Core Plus Bond ETF during the fourth quarter worth about $533,000. Finally, Citadel Advisors LLC grew its holdings in NYLI MacKay Core Plus Bond ETF by 164.5% during the third quarter. Citadel Advisors LLC now owns 40,768 shares of the company’s stock worth $872,000 after purchasing an additional 25,352 shares during the period.

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.