Capital Group Core Balanced ETF (NYSEARCA:CGBL – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,740,782 shares, a growth of 2,211.6% from the May 14th total of 75,307 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,888,853 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Trading of Capital Group Core Balanced ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in CGBL. Westside Investment Management Inc. raised its position in shares of Capital Group Core Balanced ETF by 22.7% in the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after purchasing an additional 27,075 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in Capital Group Core Balanced ETF by 155.5% during the third quarter. Focus Partners Advisor Solutions LLC now owns 41,249 shares of the company’s stock worth $1,437,000 after buying an additional 25,105 shares in the last quarter. Valmark Advisers Inc. grew its stake in Capital Group Core Balanced ETF by 28.7% during the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after buying an additional 26,424 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Capital Group Core Balanced ETF by 37.3% during the third quarter. Bleakley Financial Group LLC now owns 129,953 shares of the company’s stock worth $4,512,000 after buying an additional 35,271 shares in the last quarter. Finally, CWM LLC grew its stake in Capital Group Core Balanced ETF by 5.7% during the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after buying an additional 117,287 shares in the last quarter.
Capital Group Core Balanced ETF Stock Down 1.3%
Shares of CGBL stock opened at $36.69 on Thursday. The company’s fifty day simple moving average is $36.67 and its 200-day simple moving average is $36.02. The firm has a market cap of $6.11 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12 month low of $32.46 and a 12 month high of $38.05.
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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