NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 51,708 shares, an increase of 251.6% from the June 15th total of 14,705 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 16,310 shares, the days-to-cover ratio is currently 3.2 days.
Hedge Funds Weigh In On NYLI MacKay Core Plus Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of NYLI MacKay Core Plus Bond ETF during the 3rd quarter worth about $74,000. Cetera Investment Advisers bought a new position in NYLI MacKay Core Plus Bond ETF during the 1st quarter worth approximately $201,000. Jane Street Group LLC bought a new position in NYLI MacKay Core Plus Bond ETF during the 2nd quarter worth approximately $411,000. Keudell Morrison Wealth Management acquired a new position in NYLI MacKay Core Plus Bond ETF during the fourth quarter valued at approximately $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 valued at $872,000 after purchasing an additional 25,352 shares during the period.
NYLI MacKay Core Plus Bond ETF Stock Performance
NYSEARCA:CPLB opened at $20.81 on Monday. NYLI MacKay Core Plus Bond ETF has a 12-month low of $20.70 and a 12-month high of $21.65. The stock’s fifty day simple moving average is $20.91 and its 200-day simple moving average is $21.11.
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.
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