Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 161,468 shares, a drop of 92.2% from the June 15th total of 2,057,810 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,003,690 shares, the short-interest ratio is currently 0.2 days.
Capital Group Core Bond ETF Stock Performance
CGCB traded down $0.01 on Friday, reaching $26.04. 607,008 shares of the company’s stock were exchanged, compared to its average volume of 1,199,111. Capital Group Core Bond ETF has a twelve month low of $25.84 and a twelve month high of $26.91. The stock’s fifty day moving average price is $26.16 and its 200-day moving average price is $26.39.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its stake in shares of Capital Group Core Bond ETF by 124.2% in the 1st quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock valued at $9,190,000 after buying an additional 193,693 shares during the period. JPMorgan Chase & Co. lifted its holdings in Capital Group Core Bond ETF by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 197,988 shares of the company’s stock valued at $5,207,000 after acquiring an additional 5,767 shares during the last quarter. XTX Topco Ltd purchased a new position in Capital Group Core Bond ETF in the second quarter worth approximately $203,000. NewEdge Advisors LLC increased its stake in Capital Group Core Bond ETF by 31.3% during the second quarter. NewEdge Advisors LLC now owns 170,961 shares of the company’s stock worth $4,496,000 after acquiring an additional 40,721 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Capital Group Core Bond ETF by 1,552.3% during the second quarter. Sei Investments Co. now owns 505,722 shares of the company’s stock worth $13,300,000 after acquiring an additional 475,115 shares during the last quarter.
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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