Capital Group Core Bond ETF (NYSEARCA:CGCB) Sees Significant Increase in Short Interest

Capital Group Core Bond ETF (NYSEARCA:CGCBGet Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 446,461 shares, an increase of 176.5% from the June 30th total of 161,468 shares. Based on an average daily volume of 1,119,550 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Advisortrust Partners LLC bought a new position in shares of Capital Group Core Bond ETF during the 1st quarter worth about $27,000. IFP Advisors Inc lifted its stake in shares of Capital Group Core Bond ETF by 473.1% in the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after buying an additional 880 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in Capital Group Core Bond ETF during the first quarter worth about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Capital Group Core Bond ETF during the fourth quarter worth $43,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in Capital Group Core Bond ETF during the fourth quarter worth $73,000.

Capital Group Core Bond ETF Stock Performance

Capital Group Core Bond ETF stock opened at $26.01 on Wednesday. Capital Group Core Bond ETF has a 1-year low of $25.82 and a 1-year high of $26.91. The firm’s fifty day simple moving average is $26.11 and its 200-day simple moving average is $26.35.

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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