Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Up 621.2% in April

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 17,337 shares, a growth of 621.2% from the April 15th total of 2,404 shares. Based on an average daily volume of 48,901 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Congress Intermediate Bond ETF

A hedge fund recently bought a new stake in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. acquired a new position in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Trading Up 0.1%

NYSEARCA CAFX traded up $0.02 during trading on Wednesday, reaching $24.75. 14,459 shares of the company’s stock were exchanged, compared to its average volume of 60,974. Congress Intermediate Bond ETF has a fifty-two week low of $24.58 and a fifty-two week high of $25.38. The company’s fifty day simple moving average is $24.86 and its 200-day simple moving average is $24.99.

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.