Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Large Decline in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 226,231 shares, a decline of 61.9% from the August 15th total of 593,587 shares. Based on an average trading volume of 1,247,185 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Capital Group Core Balanced ETF Trading Down 0.5%

CGBL traded down $0.18 during trading on Monday, hitting $37.45. 680,600 shares of the company’s stock traded hands, compared to its average volume of 1,529,340. The company’s 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $36.98. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.1634 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Several large investors have recently bought and sold shares of CGBL. Parkside Financial Bank & Trust bought a new position in Capital Group Core Balanced ETF during the 2nd quarter valued at about $33,000. Anchor Investment Management LLC purchased a new position in shares of Capital Group Core Balanced ETF during the first quarter valued at approximately $43,000. US Bancorp DE raised its holdings in shares of Capital Group Core Balanced ETF by 204.6% during the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Capital Group Core Balanced ETF by 77.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares during the period. Finally, Godfrey Financial Associates Inc. bought a new position in Capital Group Core Balanced ETF during the fourth quarter valued at approximately $84,000.

About Capital Group Core Balanced ETF

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.