Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Up 1,061.5% in April

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 558,569 shares, a growth of 1,061.5% from the April 15th total of 48,092 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,025,613 shares, the days-to-cover ratio is currently 0.5 days.

Capital Group Core Balanced ETF Trading Up 0.1%

Shares of Capital Group Core Balanced ETF stock opened at $37.35 on Tuesday. The firm has a market capitalization of $6.22 billion, a PE ratio of 25.37 and a beta of 0.69. The business’s 50-day moving average price is $35.72 and its 200-day moving average price is $35.62. Capital Group Core Balanced ETF has a 12 month low of $31.52 and a 12 month high of $37.41.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. increased its position in shares of Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after purchasing an additional 2,588,189 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Core Balanced ETF by 31.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Capital Group Core Balanced ETF by 191.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after purchasing an additional 3,033,933 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Capital Group Core Balanced ETF by 17.0% during the 4th quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock valued at $143,524,000 after purchasing an additional 590,373 shares during the last quarter.

Capital Group Core Balanced ETF Company Profile

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.