Capital Group Core Bond ETF (NYSEARCA:CGCB) Stock Short Interest Report for October

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 468,539 shares, a growth of 214.0% from the September 30th total of 149,220 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,730,817 shares, the days-to-cover ratio is presently 0.3 days.

Capital Group Core Bond ETF Price Performance

NYSEARCA CGCB opened at $25.39 on Thursday. The stock’s fifty day moving average price is $25.42 and its 200 day moving average price is $26.08. Capital Group Core Bond ETF has a 1 year low of $24.85 and a 1 year high of $26.90.

Capital Group Core Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0956 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.15 dividend on an annualized basis and a yield of 4.5%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.0844.

Institutional Trading of Capital Group Core Bond ETF

Several large investors have recently added to or reduced their stakes in CGCB. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Core Bond ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,721,547 shares of the company’s stock valued at $202,150,000 after purchasing an additional 841,106 shares during the period. Cetera Investment Advisers raised its stake in shares of 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 purchasing an additional 591,197 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Capital Group Core Bond ETF by 36.1% in the first quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock worth $95,749,000 after purchasing an additional 968,033 shares during the last quarter. Sei Investments Co. raised its stake in shares of Capital Group Core Bond ETF by 33.6% in the first quarter. Sei Investments Co. now owns 2,501,744 shares of the company’s stock worth $65,696,000 after purchasing an additional 629,239 shares during the last quarter. Finally, Johnson Bixby & Associates LLC lifted its holdings in shares of Capital Group Core Bond ETF by 11.1% during the third quarter. Johnson Bixby & Associates LLC now owns 2,618,848 shares of the company’s stock worth $65,419,000 after purchasing an additional 261,357 shares during the period.

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.