Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 144,900 shares, a drop of 63.8% from the May 14th total of 400,155 shares. Based on an average trading volume of 1,538,025 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.
Capital Group Core Bond ETF Stock Down 0.1%
Capital Group Core Bond ETF stock traded down $0.02 during mid-day trading on Friday, reaching $26.19. 1,150,504 shares of the company were exchanged, compared to its average volume of 1,222,129. Capital Group Core Bond ETF has a twelve month low of $25.84 and a twelve month high of $26.91. The firm’s 50-day simple moving average is $26.24 and its two-hundred day simple moving average is $26.46.
Institutional Trading of Capital Group Core Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in Capital Group Core Bond ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,175,481 shares of the company’s stock worth $30,868,000 after acquiring an additional 73,215 shares during the period. Security Financial Services INC. lifted its holdings in shares of Capital Group Core Bond ETF by 21.3% in the 1st quarter. Security Financial Services INC. now owns 16,651 shares of the company’s stock valued at $437,000 after buying an additional 2,921 shares during the period. J. Derek Lewis & Associates Inc. lifted its holdings in shares of Capital Group Core Bond ETF by 19.8% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 458,658 shares of the company’s stock valued at $12,044,000 after buying an additional 75,667 shares during the period. Western Wealth Management LLC lifted its holdings in shares of Capital Group Core Bond ETF by 11.5% in the 1st quarter. Western Wealth Management LLC now owns 135,369 shares of the company’s stock valued at $3,555,000 after buying an additional 14,005 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Capital Group Core Bond ETF by 36.1% in the 1st quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock valued at $95,749,000 after buying an additional 968,033 shares during the period.
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.
Read More
- Five stocks we like better than Capital Group Core Bond ETF
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Capital Group Core Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
