Capital Group Core Balanced ETF (NYSEARCA:CGBL – Get 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
About Capital Group Core Balanced ETF
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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