Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Down 51.7% in June

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,055 shares, a drop of 51.7% from the May 31st total of 4,255 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 20,774 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Congress Intermediate Bond ETF

A hedge fund recently bought a new position in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. bought a new stake in Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Stock Performance

NYSEARCA:CAFX traded down $0.02 on Tuesday, hitting $24.67. 26,517 shares of the stock were exchanged, compared to its average volume of 55,535. Congress Intermediate Bond ETF has a fifty-two week low of $24.56 and a fifty-two week high of $25.38. The stock has a fifty day moving average of $24.74 and a 200-day moving average of $24.90.

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.