Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Update

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 735,802 shares, an increase of 2,163.9% from the February 26th total of 32,501 shares. Based on an average trading volume of 1,029,243 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,029,243 shares, the short-interest ratio is currently 0.7 days.

Capital Group Core Balanced ETF Stock Down 0.1%

Shares of NYSEARCA:CGBL traded down $0.05 on Tuesday, hitting $34.52. 1,045,168 shares of the company traded hands, compared to its average volume of 1,282,596. The stock has a 50 day simple moving average of $35.96 and a 200-day simple moving average of $35.37. The company has a market cap of $4.66 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.2251 per share. The ex-dividend date was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a yield of 2.6%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after acquiring an additional 1,026 shares in the last quarter. US Bancorp DE boosted its stake in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth $86,000.

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.