Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Update

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 75,307 shares, a decrease of 86.5% from the April 30th total of 558,569 shares. Based on an average daily volume of 1,133,788 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after buying an additional 1,026 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Capital Group Core Balanced ETF in the first quarter valued at about $43,000. US Bancorp DE increased its stake in shares of Capital Group Core Balanced ETF by 204.6% in the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after buying an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Capital Group Core Balanced ETF by 77.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after buying an additional 1,006 shares during the period. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the fourth quarter valued at about $84,000.

Capital Group Core Balanced ETF Trading Up 0.4%

CGBL traded up $0.15 on Thursday, reaching $37.72. The stock had a trading volume of 1,645,265 shares, compared to its average volume of 1,360,684. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The firm has a 50-day moving average of $36.06 and a 200-day moving average of $35.81. Capital Group Core Balanced ETF has a fifty-two week low of $31.97 and a fifty-two week high of $37.77.

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.