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

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,396,808 shares, a growth of 1,022.2% from the July 30th total of 124,475 shares. Based on an average daily volume of 3,322,256 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

Capital Group Core Bond ETF Stock Performance

Shares of CGCB stock traded up $0.01 during mid-day trading on Thursday, hitting $25.97. 103,649 shares of the stock traded hands, compared to its average volume of 1,297,927. Capital Group Core Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.91. The stock’s fifty day moving average is $26.01 and its two-hundred day moving average is $26.25.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Several institutional investors have recently bought and sold shares of the company. Capital International Investors increased its position in shares of Capital Group Core Bond ETF by 24.4% during the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after purchasing an additional 4,641,432 shares in the last quarter. LPL Financial LLC boosted its position in shares of Capital Group Core Bond ETF by 30.4% in the 4th quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after purchasing an additional 5,195,824 shares in the last quarter. Morgan Stanley grew its stake in Capital Group Core Bond ETF by 13.2% during the 4th quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock worth $205,580,000 after buying an additional 902,837 shares during the last quarter. Cetera Investment Advisers increased its position in Capital Group Core Bond ETF by 17.7% during the 1st quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after buying an additional 591,197 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Capital Group Core Bond ETF by 2.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock valued at $103,162,000 after buying an additional 98,583 shares in the last quarter.

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.