Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,057,810 shares, a growth of 1,320.2% from the May 31st total of 144,900 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 1,110,147 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisortrust Partners LLC acquired a new stake in Capital Group Core Bond ETF in the first quarter valued at $27,000. IFP Advisors Inc increased its stake in shares of Capital Group Core Bond ETF by 473.1% in the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after buying an additional 880 shares during the period. Legacy Wealth Managment LLC ID bought a new position in shares of Capital Group Core Bond ETF during the first quarter worth about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Core Bond ETF in the fourth quarter worth approximately $43,000. Finally, Huntington National Bank acquired a new position in shares of Capital Group Core Bond ETF in the third quarter worth approximately $54,000.

Capital Group Core Bond ETF Stock Performance

Capital Group Core Bond ETF stock traded up $0.03 during mid-day trading on Friday, reaching $26.37. The company had a trading volume of 683,069 shares, compared to its average volume of 1,203,140. The business has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $26.42. Capital Group Core Bond ETF has a fifty-two week low of $25.84 and a fifty-two week high of $26.91.

About Capital Group Core Bond ETF

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.