Capital Group Core Bond ETF (NYSEARCA:CGCB) Stock Short Interest Rises 214.0%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 468,539 shares, an increase of 214.0% from the September 30th total of 149,220 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,730,817 shares, the short-interest ratio is currently 0.3 days.

Capital Group Core Bond ETF Stock Down 0.1%

CGCB traded down $0.04 during mid-day trading on Friday, reaching $25.43. The stock had a trading volume of 595,275 shares, compared to its average volume of 1,333,124. Capital Group Core Bond ETF has a 52 week low of $24.85 and a 52 week high of $26.90. The firm’s fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $26.07.

Capital Group Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be issued a dividend of $0.0951 per share. This is a decrease from Capital Group Core Bond ETF’s previous monthly dividend of $0.0956. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, October 30th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CGCB. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Capital Group Core Bond ETF by 2,375.7% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 427,744 shares of the company’s stock worth $10,685,000 after buying an additional 410,466 shares during the period. Signature Equity Partners LLC purchased a new stake in shares of Capital Group Core Bond ETF during the 3rd quarter worth approximately $637,000. Strategic Family Wealth Counselors L.L.C. boosted its holdings in Capital Group Core Bond ETF by 2.6% during the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 380,027 shares of the company’s stock valued at $9,493,000 after acquiring an additional 9,495 shares during the period. Security Financial Services INC. grew its stake in Capital Group Core Bond ETF by 5.2% in the 3rd quarter. Security Financial Services INC. now owns 24,330 shares of the company’s stock worth $608,000 after acquiring an additional 1,212 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in Capital Group Core Bond ETF by 4,000.0% in the third quarter. MGO One Seven LLC now owns 634,674 shares of the company’s stock worth $15,854,000 after buying an additional 619,194 shares in 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.