Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Significant Decline in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 169,326 shares, a decrease of 68.4% from the June 15th total of 536,596 shares. Based on an average daily volume of 2,735,520 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Several institutional investors have recently bought and sold shares of the stock. Kestra Investment Management LLC grew its holdings in shares of Capital Group Core Balanced ETF by 1.1% in the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after purchasing an additional 276 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 3.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock valued at $318,000 after buying an additional 286 shares during the period. Allworth Financial LP raised its holdings in shares of Capital Group Core Balanced ETF by 6.7% during the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after acquiring an additional 311 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of Capital Group Core Balanced ETF by 0.8% during the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after acquiring an additional 337 shares in the last quarter. Finally, Simplicity Wealth LLC raised its holdings in shares of Capital Group Core Balanced ETF by 4.4% during the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock valued at $300,000 after acquiring an additional 367 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL traded down $0.18 during trading on Monday, hitting $37.49. 627,212 shares of the company’s stock traded hands, compared to its average volume of 1,550,442. The stock has a fifty day moving average of $37.48 and a two-hundred day moving average of $36.42. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The firm has a market cap of $7.01 billion, a P/E ratio of 25.37 and a beta of 0.68.

About Capital Group Core Balanced ETF

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.