Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Down 35.4% in December

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 212,965 shares, a decline of 35.4% from the December 15th total of 329,454 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 869,990 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 869,990 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group Core Bond ETF Stock Performance

Shares of CGCB traded down $0.04 during mid-day trading on Friday, reaching $26.56. The company’s stock had a trading volume of 366,646 shares, compared to its average volume of 1,160,161. Capital Group Core Bond ETF has a 1-year low of $25.57 and a 1-year high of $26.91. The business has a 50-day simple moving average of $26.60 and a two-hundred day simple moving average of $26.52.

Capital Group Core Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.1186 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) annualized dividend and a yield of 5.4%. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. raised its holdings in shares of Capital Group Core Bond ETF by 64.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 125,647 shares of the company’s stock worth $3,340,000 after buying an additional 49,355 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Capital Group Core Bond ETF by 34.7% in the third quarter. Concurrent Investment Advisors LLC now owns 175,706 shares of the company’s stock valued at $4,670,000 after buying an additional 45,262 shares in the last quarter. Truist Financial Corp grew its position in Capital Group Core Bond ETF by 35.9% in the second quarter. Truist Financial Corp now owns 61,167 shares of the company’s stock valued at $1,609,000 after acquiring an additional 16,153 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Capital Group Core Bond ETF by 173.4% in the second quarter. Geneos Wealth Management Inc. now owns 376,695 shares of the company’s stock valued at $9,907,000 after acquiring an additional 238,923 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Capital Group Core Bond ETF by 74.0% during the second quarter. Janney Montgomery Scott LLC now owns 30,315 shares of the company’s stock worth $797,000 after acquiring an additional 12,892 shares in the last quarter.

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.