Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Down 93.7% in August

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,490 shares, a decline of 93.7% from the July 30th total of 23,793 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,835 shares, the days-to-cover ratio is presently 0.1 days.

Congress Intermediate Bond ETF Stock Performance

Shares of NYSEARCA:CAFX remained flat at $24.55 on Thursday. The stock had a trading volume of 8,497 shares, compared to its average volume of 47,465. Congress Intermediate Bond ETF has a one year low of $24.40 and a one year high of $25.38. The firm has a fifty day simple moving average of $24.57 and a 200 day simple moving average of $24.76.

Institutional Investors Weigh In On Congress Intermediate Bond ETF

A hedge fund recently raised its stake in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC lifted its stake in Congress Intermediate Bond ETF (NYSEARCA:CAFX) by 222.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,757 shares of the company’s stock after purchasing an additional 54,998 shares during the quarter. Flow Traders U.S. LLC owned 0.55% of Congress Intermediate Bond ETF worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

About Congress Intermediate Bond ETF

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.