Capital Group Core Bond ETF (NYSEARCA:CGCB) Sees Large Decrease in Short Interest

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 143,439 shares, a drop of 69.4% from the October 15th total of 468,539 shares. Based on an average daily volume of 1,500,815 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Capital Group Core Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its stake in Capital Group Core Bond ETF by 24.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock valued at $4,242,000 after purchasing an additional 32,226 shares in the last quarter. Quadcap Wealth Management LLC boosted its position in shares of Capital Group Core Bond ETF by 13.1% during the first quarter. Quadcap Wealth Management LLC now owns 900,863 shares of the company’s stock valued at $23,657,000 after buying an additional 104,062 shares during the last quarter. KWB Wealth purchased a new stake in shares of Capital Group Core Bond ETF during the third quarter valued at $10,032,000. Cetera Investment Advisers boosted its position in shares of Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock valued at $103,263,000 after buying an additional 591,197 shares during the last quarter. Finally, InTrack Investment Management Inc increased its holdings in Capital Group Core Bond ETF by 15.0% in the 2nd quarter. InTrack Investment Management Inc now owns 157,103 shares of the company’s stock worth $4,113,000 after buying an additional 20,469 shares in the last quarter.

Capital Group Core Bond ETF Trading Down 0.2%

Shares of CGCB traded down $0.04 during trading hours on Friday, reaching $25.16. 2,801,756 shares of the company traded hands, compared to its average volume of 1,359,272. The company’s fifty day moving average price is $25.33 and its two-hundred day moving average price is $26.01. Capital Group Core Bond ETF has a 12 month low of $24.85 and a 12 month high of $26.90.

Capital Group Core Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.0951 dividend. The ex-dividend date of this dividend was Friday, October 30th. 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 yield of 4.5%.

About Capital Group Core Bond ETF

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.