Short Interest in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Increases By 354.7%

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 769,892 shares, a growth of 354.7% from the June 30th total of 169,326 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,815,343 shares, the short-interest ratio is presently 0.4 days.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL traded down $0.06 during midday trading on Monday, hitting $37.10. The company’s stock had a trading volume of 314,324 shares, compared to its average volume of 1,592,990. The business’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $36.54. The company has a market cap of $7.05 billion, a P/E ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CGBL. Kestra Investment Management LLC grew its position in shares of Capital Group Core Balanced ETF by 1.1% in the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock valued at $898,000 after purchasing an additional 276 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in Capital Group Core Balanced ETF by 3.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after buying an additional 286 shares during the last quarter. Allworth Financial LP grew its holdings in Capital Group Core Balanced ETF by 6.7% in the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after buying an additional 311 shares in the last quarter. Beacon Financial Advisory LLC increased its stake in shares of Capital Group Core Balanced ETF by 0.8% in the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after acquiring an additional 337 shares during the last quarter. Finally, Simplicity Wealth LLC raised its holdings in shares of Capital Group Core Balanced ETF by 4.4% during the 1st quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after acquiring an additional 367 shares during the period.

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.