Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Down 61.7% in August

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 534,551 shares, a decrease of 61.7% from the August 15th total of 1,396,808 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,017,169 shares, the short-interest ratio is currently 0.5 days.

Capital Group Core Bond ETF Stock Up 0.1%

CGCB stock traded up $0.03 during trading on Monday, hitting $25.48. 606,645 shares of the company traded hands, compared to its average volume of 1,303,127. Capital Group Core Bond ETF has a 1 year low of $25.41 and a 1 year high of $26.91. The stock’s 50-day simple moving average is $25.88 and its 200 day simple moving average is $26.16.

Capital Group Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a $0.1071 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Trading of Capital Group Core Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Cauble & Harre Wealth Management Inc. purchased a new stake in shares of Capital Group Core Bond ETF during the fourth quarter worth approximately $1,218,000. UBS Group AG grew its stake in shares of Capital Group Core Bond ETF by 63.5% in the 4th quarter. UBS Group AG now owns 344,151 shares of the company’s stock valued at $9,127,000 after buying an additional 133,670 shares during the period. Stephens Inc. AR increased its stake in Capital Group Core Bond ETF by 18.8% during the fourth quarter. Stephens Inc. AR now owns 692,236 shares of the company’s stock worth $18,358,000 after acquiring an additional 109,674 shares during the last quarter. Clear Point Advisors Inc. lifted its position in Capital Group Core Bond ETF by 89.3% in the fourth quarter. Clear Point Advisors Inc. now owns 55,614 shares of the company’s stock valued at $1,475,000 after buying an additional 26,232 shares during the last quarter. Finally, Quadcap Wealth Management LLC increased its holdings in Capital Group Core Bond ETF by 13.1% in the 1st quarter. Quadcap Wealth Management LLC now owns 900,863 shares of the company’s stock valued at $23,657,000 after purchasing an additional 104,062 shares during the last quarter.

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.