Short Interest in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Decreases By 46.1%

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 300,124 shares, a decline of 46.1% from the December 31st total of 557,068 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,112,028 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 1,112,028 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group Core Balanced ETF Trading Down 1.1%

Capital Group Core Balanced ETF stock traded down $0.40 during midday trading on Friday, hitting $36.04. The stock had a trading volume of 1,042,120 shares, compared to its average volume of 1,321,141. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.55. The company has a market capitalization of $4.79 billion, a PE ratio of 25.37 and a beta of 0.69. The firm’s fifty day moving average is $35.68 and its two-hundred day moving average is $34.85.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.2251 per share. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sigma Planning Corp boosted its stake in shares of Capital Group Core Balanced ETF by 7.4% in the fourth quarter. Sigma Planning Corp now owns 124,057 shares of the company’s stock worth $4,383,000 after acquiring an additional 8,524 shares during the period. Keybank National Association OH purchased a new position in Capital Group Core Balanced ETF in the 4th quarter worth approximately $203,000. Boyer Financial Services Inc. bought a new position in Capital Group Core Balanced ETF in the 4th quarter worth approximately $9,027,000. Comerica Bank grew its holdings in Capital Group Core Balanced ETF by 10.5% during the 4th quarter. Comerica Bank now owns 66,686 shares of the company’s stock valued at $2,356,000 after buying an additional 6,339 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter valued at approximately $63,960,000.

Capital Group Core Balanced ETF Company Profile

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.