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

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 124,475 shares, a decrease of 72.1% from the July 15th total of 446,461 shares. Based on an average daily trading volume, of 1,067,201 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Capital Group Core Bond ETF Price Performance

CGCB traded down $0.08 during trading hours on Friday, reaching $25.87. 999,924 shares of the company’s stock traded hands, compared to its average volume of 1,322,744. The firm has a 50-day moving average price of $26.05 and a 200 day moving average price of $26.29. Capital Group Core Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.91.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in shares of Capital Group Core Bond ETF by 30.4% during the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after acquiring an additional 5,195,824 shares during the period. Capital International Investors grew its stake in Capital Group Core Bond ETF by 24.4% in the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after purchasing an additional 4,641,432 shares in the last quarter. Wells Fargo & Company MN grew its stake in Capital Group Core Bond ETF by 92.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,905,361 shares of the company’s stock worth $77,050,000 after purchasing an additional 1,395,908 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in Capital Group Core Bond ETF during the 4th quarter worth $25,716,000. Finally, Bank of America Corp DE increased its holdings in Capital Group Core Bond ETF by 36.1% during the 1st quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock worth $95,749,000 after purchasing an additional 968,033 shares during the period.

Capital Group Core Bond ETF Company Profile

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.