Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Drops By 61.7%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 534,551 shares, a decline of 61.7% from the August 15th total of 1,396,808 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,017,169 shares, the short-interest ratio is currently 0.5 days.

Capital Group Core Bond ETF Price Performance

Shares of CGCB traded down $0.04 during midday trading on Tuesday, reaching $25.41. 523,403 shares of the stock were exchanged, compared to its average volume of 1,301,278. Capital Group Core Bond ETF has a 52 week low of $25.41 and a 52 week high of $26.91. The company’s 50 day moving average is $25.86 and its two-hundred day moving average is $26.15.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a $0.1071 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Capital International Investors grew its stake in Capital Group Core Bond ETF by 24.4% during the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock worth $627,199,000 after buying an additional 4,641,432 shares during the last quarter. LPL Financial LLC raised its stake in Capital Group Core Bond ETF by 30.4% in the fourth 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 last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Core Bond ETF by 17.7% in the first quarter. Cetera Investment Advisers now owns 3,932,344 shares of the company’s stock worth $103,263,000 after acquiring an additional 591,197 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Core Bond ETF by 2.6% in the fourth 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 in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Capital Group Core Bond ETF by 36.1% during the first quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock worth $95,749,000 after acquiring an additional 968,033 shares during the last quarter.

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.