Capital Group Core Balanced ETF (NYSEARCA:CGBL) Stock Short Interest Report for September

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 776,722 shares, a growth of 1,096.4% from the September 15th total of 64,919 shares. Based on an average trading volume of 1,371,029 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock traded up $0.11 during midday trading on Friday, reaching $37.16. 816,107 shares of the company were exchanged, compared to its average volume of 1,509,547. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. The firm’s 50-day simple moving average is $37.77 and its 200-day simple moving average is $37.18. Capital Group Core Balanced ETF has a 1 year low of $33.67 and a 1 year high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.2056 dividend. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 30th. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust purchased a new position in shares of Capital Group Core Balanced ETF during the second quarter valued at approximately $33,000. Anchor Investment Management LLC purchased a new stake in Capital Group Core Balanced ETF in the 1st quarter worth approximately $43,000. CX Institutional purchased a new stake in Capital Group Core Balanced ETF in the 3rd quarter worth approximately $78,000. CoreCap Advisors LLC grew its stake in Capital Group Core Balanced ETF by 130.9% in the 3rd quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock worth $78,000 after acquiring an additional 1,203 shares during the period. Finally, Birchwood Financial Partners Inc. acquired a new position in Capital Group Core Balanced ETF in the 4th quarter valued at $171,000.

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.