Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Down 51.7% in June

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,055 shares, a decrease of 51.7% from the May 31st total of 4,255 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,774 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Congress Intermediate Bond ETF

An institutional investor recently bought a new stake in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. purchased a new stake in Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Trading Down 0.1%

Shares of CAFX stock traded down $0.02 on Wednesday, reaching $24.61. The company’s stock had a trading volume of 23,388 shares, compared to its average volume of 55,287. The stock’s fifty day simple moving average is $24.73 and its 200-day simple moving average is $24.89. Congress Intermediate Bond ETF has a 1 year low of $24.56 and a 1 year high of $25.38.

About Congress Intermediate Bond ETF

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.