Capital Group Core Balanced ETF (NYSEARCA:CGBL – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 75,307 shares, a decline of 86.5% from the April 30th total of 558,569 shares. Based on an average daily trading volume, of 1,133,788 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Capital Group Core Balanced ETF Stock Performance
Capital Group Core Balanced ETF stock traded up $0.15 during midday trading on Thursday, hitting $37.72. 1,645,265 shares of the company’s stock were exchanged, compared to its average volume of 1,360,684. Capital Group Core Balanced ETF has a 52-week low of $31.97 and a 52-week high of $37.77. The stock has a 50-day moving average price of $36.06 and a two-hundred day moving average price of $35.81. The company has a market cap of $6.28 billion, a P/E ratio of 25.37 and a beta of 0.69.
Institutional Trading of Capital Group Core Balanced ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC boosted its stake in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after buying an additional 1,026 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter valued at about $43,000. US Bancorp DE lifted its stake in shares of Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after acquiring an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter valued at about $84,000.
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.
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