Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Rises By 1,320.2%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,057,810 shares, an increase of 1,320.2% from the May 31st total of 144,900 shares. Based on an average daily volume of 1,110,147 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunpointe LLC grew its position in shares of Capital Group Core Bond ETF by 501.0% during the third quarter. Sunpointe LLC now owns 82,728 shares of the company’s stock worth $2,199,000 after buying an additional 68,964 shares in the last quarter. Sovran Advisors LLC boosted its stake in Capital Group Core Bond ETF by 12.4% during the 4th quarter. Sovran Advisors LLC now owns 367,885 shares of the company’s stock valued at $9,782,000 after acquiring an additional 40,652 shares during the last quarter. Merit Financial Group LLC boosted its stake in Capital Group Core Bond ETF by 5.2% during the 4th quarter. Merit Financial Group LLC now owns 2,035,628 shares of the company’s stock valued at $53,985,000 after acquiring an additional 99,718 shares during the last quarter. UBS Group AG grew its holdings in Capital Group Core Bond ETF by 63.5% during the 4th quarter. UBS Group AG now owns 344,151 shares of the company’s stock worth $9,127,000 after acquiring an additional 133,670 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Capital Group Core Bond ETF during the 4th quarter worth $1,281,000.

Capital Group Core Bond ETF Stock Performance

CGCB stock traded up $0.02 on Thursday, hitting $26.34. 879,960 shares of the company were exchanged, compared to its average volume of 1,207,475. Capital Group Core Bond ETF has a twelve month low of $25.84 and a twelve month high of $26.91. The business’s fifty day moving average is $26.21 and its two-hundred day moving average is $26.42.

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.