Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,057,810 shares, an increase of 1,320.2% from the May 31st total of 144,900 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,110,147 shares, the days-to-cover ratio is currently 1.9 days.
Institutional Trading of Capital Group Core Bond ETF
A number of large investors have recently modified their holdings of CGCB. Capital International Investors lifted its position in Capital Group Core Bond ETF by 92.3% in the 3rd quarter. Capital International Investors now owns 19,008,607 shares of the company’s stock valued at $505,249,000 after purchasing an additional 9,125,578 shares during the last quarter. LPL Financial LLC grew its position in Capital Group Core Bond ETF by 30.4% in the 4th quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after purchasing an additional 5,195,824 shares during the last quarter. Johnson Bixby & Associates LLC grew its position in Capital Group Core Bond ETF by 14,622.3% in the 4th quarter. Johnson Bixby & Associates LLC now owns 2,044,780 shares of the company’s stock worth $54,228,000 after purchasing an additional 2,030,891 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Capital Group Core Bond ETF by 92.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,905,361 shares of the company’s stock valued at $77,050,000 after purchasing an additional 1,395,908 shares during the period. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Capital Group Core Bond ETF in the fourth quarter valued at approximately $25,716,000.
Capital Group Core Bond ETF Price Performance
NYSEARCA CGCB traded up $0.02 during trading hours on Thursday, hitting $26.34. The company had a trading volume of 879,960 shares, compared to its average volume of 1,207,475. Capital Group Core Bond ETF has a fifty-two week low of $25.84 and a fifty-two week high of $26.91. The business has a fifty day simple moving average of $26.21 and a 200-day simple moving average of $26.42.
Capital Group Core Bond ETF Company Profile
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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