Short Interest in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Increases By 2,211.6%

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,740,782 shares, a growth of 2,211.6% from the May 14th total of 75,307 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,888,853 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. raised its position in shares of Capital Group Core Balanced ETF by 27.6% in the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after purchasing an additional 2,588,189 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after purchasing an additional 3,033,933 shares during the last quarter. Morgan Stanley raised its position in shares of Capital Group Core Balanced ETF by 17.0% in the 4th quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after purchasing an additional 590,373 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Capital Group Core Balanced ETF by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after purchasing an additional 723,471 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 1.0%

Capital Group Core Balanced ETF stock traded down $0.37 on Wednesday, hitting $36.82. 456,990 shares of the stock traded hands, compared to its average volume of 1,422,570. The firm has a market cap of $6.13 billion, a P/E ratio of 25.37 and a beta of 0.69. The business’s fifty day simple moving average is $36.61 and its 200 day simple moving average is $36.00. Capital Group Core Balanced ETF has a 1 year low of $32.46 and a 1 year high of $38.05.

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.