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

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 593,587 shares, a growth of 217.2% from the July 30th total of 187,113 shares. Based on an average trading volume of 1,238,967 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several institutional investors have recently modified their holdings of CGBL. NewEdge Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after acquiring an additional 13,986 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Capital Group Core Balanced ETF by 25.4% during the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after purchasing an additional 57,029 shares during the last quarter. Creative Planning bought a new position in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at $218,000. JPMorgan Chase & Co. purchased a new position in Capital Group Core Balanced ETF in the 2nd quarter worth $269,000. Finally, Diversify Wealth Management LLC raised its position in Capital Group Core Balanced ETF by 14.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after purchasing an additional 1,467 shares during the period.

Capital Group Core Balanced ETF Stock Performance

CGBL traded down $0.12 during trading on Friday, reaching $38.19. The stock had a trading volume of 2,165,556 shares, compared to its average volume of 1,548,595. The business has a 50-day moving average of $37.80 and a 200-day moving average of $36.86. Capital Group Core Balanced ETF has a one year low of $33.67 and a one year high of $38.68. The stock has a market cap of $7.38 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Company Profile

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.