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

Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 143,439 shares, a decline of 69.4% from the October 15th total of 468,539 shares. Based on an average trading volume of 1,500,815 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Capital Group Core Bond ETF

Hedge funds have recently bought and sold shares of the company. Capital Management Associates Inc lifted its holdings in Capital Group Core Bond ETF by 1.1% in the third quarter. Capital Management Associates Inc now owns 36,661 shares of the company’s stock valued at $916,000 after acquiring an additional 409 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Capital Group Core Bond ETF by 0.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 138,294 shares of the company’s stock valued at $3,621,000 after purchasing an additional 416 shares during the period. Summit Global Investments grew its stake in shares of Capital Group Core Bond ETF by 4.2% during the 1st quarter. Summit Global Investments now owns 14,133 shares of the company’s stock valued at $371,000 after purchasing an additional 565 shares during the period. United Advisor Group LLC grew its stake in shares of Capital Group Core Bond ETF by 0.6% during the 3rd quarter. United Advisor Group LLC now owns 106,070 shares of the company’s stock valued at $2,650,000 after purchasing an additional 655 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Capital Group Core Bond ETF by 6.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,661 shares of the company’s stock valued at $279,000 after purchasing an additional 663 shares during the last quarter.

Capital Group Core Bond ETF Trading Down 0.2%

NYSEARCA:CGCB traded down $0.04 during trading hours on Friday, reaching $25.16. The company had a trading volume of 2,801,756 shares, compared to its average volume of 1,359,272. The firm’s 50 day moving average price is $25.33 and its 200-day moving average price is $26.01. Capital Group Core Bond ETF has a 52 week low of $24.85 and a 52 week high of $26.90.

Capital Group Core Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued 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 annualized dividend and a dividend yield of 4.5%.

Capital Group Core Bond ETF Company Profile

(Get Free Report)

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.

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