Congress Intermediate Bond ETF (NYSEARCA:CAFX) Sees Significant Decrease in Short Interest

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,700 shares, a decline of 92.2% from the September 15th total of 21,700 shares. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Congress Intermediate Bond ETF

A hedge fund recently bought a new stake in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,114 shares of the company’s stock, valued at approximately $672,000. Flow Traders U.S. LLC owned approximately 0.20% of Congress Intermediate Bond ETF at the end of the most recent reporting period.

Congress Intermediate Bond ETF Stock Up 0.2%

Shares of CAFX stock opened at $25.24 on Friday. Congress Intermediate Bond ETF has a fifty-two week low of $24.30 and a fifty-two week high of $25.38. The firm’s 50 day moving average price is $25.08 and its two-hundred day moving average price is $24.90.

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.