Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Down 92.2% in June

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 161,468 shares, a decline of 92.2% from the June 15th total of 2,057,810 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,003,690 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CGCB. Capital International Investors boosted its position in Capital Group Core Bond ETF by 24.4% in the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock valued at $627,199,000 after buying an additional 4,641,432 shares during the period. LPL Financial LLC increased its position in shares of Capital Group Core Bond ETF by 30.4% during the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after acquiring an additional 5,195,824 shares during the period. Morgan Stanley raised its stake in shares of Capital Group Core Bond ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock valued at $205,580,000 after acquiring an additional 902,837 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Core Bond ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after purchasing an additional 591,197 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Core Bond ETF by 2.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock valued at $103,162,000 after purchasing an additional 98,583 shares during the period.

Capital Group Core Bond ETF Stock Performance

Shares of NYSEARCA:CGCB traded down $0.01 during mid-day trading on Friday, reaching $26.04. 607,008 shares of the company were exchanged, compared to its average volume of 1,199,111. The firm’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $26.39. Capital Group Core Bond ETF has a 1 year low of $25.84 and a 1 year high of $26.91.

Capital Group Core Bond ETF Company Profile

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.