Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 144,900 shares, a decrease of 63.8% from the May 14th total of 400,155 shares. Based on an average trading volume of 1,538,025 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CGCB. Advisortrust Partners LLC purchased a new position in Capital Group Core Bond ETF during the 1st quarter worth approximately $27,000. IFP Advisors Inc grew its stake in Capital Group Core Bond ETF by 473.1% during the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after buying an additional 880 shares during the last quarter. Clearstead Trust LLC purchased a new position in Capital Group Core Bond ETF during the 3rd quarter worth approximately $37,000. Legacy Wealth Managment LLC ID purchased a new position in Capital Group Core Bond ETF during the 1st quarter worth approximately $37,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group Core Bond ETF during the 4th quarter worth approximately $43,000.

Capital Group Core Bond ETF Trading Down 0.1%

NYSEARCA:CGCB traded down $0.02 during mid-day trading on Friday, reaching $26.19. 1,150,504 shares of the stock were exchanged, compared to its average volume of 1,222,129. The company has a 50 day simple moving average of $26.24 and a 200-day simple moving average of $26.46. Capital Group Core Bond ETF has a 1 year low of $25.84 and a 1 year high of $26.91.

About Capital Group Core Bond ETF

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.