Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 86.5% in May

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 75,307 shares, a decrease of 86.5% from the April 30th total of 558,569 shares. Based on an average daily volume of 1,133,788 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL traded up $0.11 during trading hours on Friday, reaching $37.84. The stock had a trading volume of 1,863,814 shares, compared to its average volume of 1,376,930. Capital Group Core Balanced ETF has a 1 year low of $31.97 and a 1 year high of $37.90. The firm’s 50 day moving average is $36.17 and its 200-day moving average is $35.85. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Large investors have recently modified their holdings of the company. CoreCap Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after purchasing an additional 1,026 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter valued at approximately $43,000. US Bancorp DE increased its position in shares of Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $84,000.

Capital Group Core Balanced ETF Company Profile

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.