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

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 161,304 shares, a decrease of 69.8% from the August 31st total of 534,551 shares. Based on an average daily trading volume, of 1,327,760 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Capital Group Core Bond ETF Trading Up 0.3%

Shares of NYSEARCA CGCB traded up $0.08 during mid-day trading on Friday, hitting $25.25. 1,007,511 shares of the stock traded hands, compared to its average volume of 1,299,254. Capital Group Core Bond ETF has a twelve month low of $25.13 and a twelve month high of $26.91. The firm has a 50 day simple moving average of $25.75 and a two-hundred day simple moving average of $26.06.

Capital Group Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a $0.1071 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, July 31st. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.0806.

Institutional Trading of Capital Group Core Bond ETF

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its holdings 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 purchasing an additional 5,195,824 shares during the last quarter. Capital International Investors raised its holdings in Capital Group Core Bond ETF by 24.4% in the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock valued at $627,199,000 after buying an additional 4,641,432 shares during the last quarter. Bank of America Corp DE raised its holdings in Capital Group Core Bond ETF by 36.1% in the 1st quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock valued at $95,749,000 after buying an additional 968,033 shares during the last quarter. Valmark Advisers Inc. boosted its position in Capital Group Core Bond ETF by 82.5% during the 1st quarter. Valmark Advisers Inc. now owns 2,058,831 shares of the company’s stock worth $54,065,000 after buying an additional 930,871 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Capital Group Core Bond ETF by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,721,547 shares of the company’s stock worth $202,150,000 after buying an additional 841,106 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.