Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

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

Capital Group Core Bond ETF Price Performance

Capital Group Core Bond ETF stock traded up $0.07 during mid-day trading on Monday, reaching $25.93. 409,370 shares of the company’s stock were exchanged, compared to its average volume of 1,179,126. Capital Group Core Bond ETF has a twelve month low of $25.82 and a twelve month high of $26.91. The company has a fifty day moving average of $26.11 and a 200-day moving average of $26.35.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Large investors have recently bought and sold shares of the stock. Capital International Investors grew its position in shares of Capital Group Core Bond ETF by 24.4% during the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after acquiring an additional 4,641,432 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Capital Group Core Bond ETF by 30.4% in the 4th quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock valued at $590,327,000 after buying an additional 5,195,824 shares during the period. Morgan Stanley boosted its position in shares of Capital Group Core Bond ETF by 13.2% during the 4th quarter. Morgan Stanley now owns 7,751,877 shares of the company’s stock worth $205,580,000 after purchasing an additional 902,837 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Core Bond ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after buying an additional 591,197 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital Group Core Bond ETF by 2.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,889,956 shares of the company’s stock worth $103,162,000 after acquiring an additional 98,583 shares during the period.

About Capital Group Core Bond ETF

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.