Short Interest in NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) Declines By 42.9%

NYLI MacKay Core Plus Bond ETF (NYSEARCA:CPLB) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 29,546 shares, a decline of 42.9% from the June 30th total of 51,708 shares. Based on an average daily trading volume, of 82,481 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On NYLI MacKay Core Plus Bond ETF

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in NYLI MacKay Core Plus Bond ETF during the 3rd quarter worth approximately $74,000. Cetera Investment Advisers purchased a new position in shares of NYLI MacKay Core Plus Bond ETF during the 1st quarter valued at approximately $201,000. Jane Street Group LLC purchased a new position in shares of NYLI MacKay Core Plus Bond ETF during the 2nd quarter valued at approximately $411,000. Keudell Morrison Wealth Management acquired a new stake in shares of NYLI MacKay Core Plus Bond ETF during the fourth quarter worth approximately $533,000. Finally, Citadel Advisors LLC increased its stake in shares of NYLI MacKay Core Plus Bond ETF by 164.5% in the third quarter. Citadel Advisors LLC now owns 40,768 shares of the company’s stock worth $872,000 after buying an additional 25,352 shares during the last quarter.

NYLI MacKay Core Plus Bond ETF Stock Performance

NYSEARCA:CPLB traded down $0.02 on Wednesday, reaching $20.75. The stock had a trading volume of 20,684 shares, compared to its average volume of 50,027. The company has a 50-day moving average of $20.88 and a 200 day moving average of $21.07. NYLI MacKay Core Plus Bond ETF has a 12-month low of $20.68 and a 12-month 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.