Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 61.9% in August

Capital Group Core Balanced ETF (NYSEARCA:CGBLGet Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 226,231 shares, a decline of 61.9% from the August 15th total of 593,587 shares. Based on an average daily volume of 1,247,185 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL traded up $0.16 during trading hours on Friday, reaching $37.63. 1,100,654 shares of the company traded hands, compared to its average volume of 1,534,558. The stock’s fifty day moving average is $37.83 and its 200 day moving average is $36.97. The stock has a market cap of $7.27 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $33.67 and a 1-year high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a dividend of $0.1634 per share. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. This represents a $0.65 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, June 30th.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares in the last quarter. Advance Capital Management Inc. raised its stake in shares of Capital Group Core Balanced ETF by 27.6% in the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after purchasing an additional 2,588,189 shares in the last quarter. Wells Fargo & Company MN lifted its position in Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after purchasing an additional 3,033,933 shares during the period. Morgan Stanley lifted its position in Capital Group Core Balanced ETF by 17.0% in the fourth quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after purchasing an additional 590,373 shares during the period. Finally, Cetera Investment Advisers lifted its position in Capital Group Core Balanced ETF by 21.8% in the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after purchasing an additional 723,471 shares during the period.

About Capital Group Core Balanced ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for Capital Group Core Balanced ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Balanced ETF and related companies with MarketBeat.com's FREE daily email newsletter.