Capital Group Core Balanced ETF (NYSEARCA:CGBL) Shares Shorted: Short Interest Down 71.3% in September

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 64,919 shares, a decline of 71.3% from the August 31st total of 226,231 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,268,146 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $37.47 on Friday. Capital Group Core Balanced ETF has a one year low of $33.67 and a one year high of $38.68. The company has a market cap of $7.70 billion, a P/E ratio of 25.37 and a beta of 0.69. The firm has a 50 day simple moving average of $37.81 and a two-hundred day simple moving average of $37.05.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.1634 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1267. This represents a $0.65 annualized dividend and a yield of 1.7%.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its position in Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares during the period. Advance Capital Management Inc. increased its position in Capital Group Core Balanced ETF by 27.6% in the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Capital Group Core Balanced ETF by 21.8% during the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after acquiring an additional 723,471 shares in the last quarter. Royal Bank of Canada increased its stake in Capital Group Core Balanced ETF by 16.2% during the 1st quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock valued at $80,364,000 after purchasing an additional 326,314 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Capital Group Core Balanced ETF by 20.8% during the first quarter. Kestra Advisory Services LLC now owns 1,573,552 shares of the company’s stock worth $54,146,000 after acquiring an additional 271,207 shares in the last quarter.

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.