Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 46.1% in January

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 300,124 shares, a decrease of 46.1% from the December 31st total of 557,068 shares. Based on an average daily trading volume, of 1,112,028 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,112,028 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group Core Balanced ETF Trading Down 1.1%

NYSEARCA CGBL traded down $0.40 on Friday, hitting $36.04. 1,042,120 shares of the company’s stock traded hands, compared to its average volume of 1,321,141. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $36.55. The firm’s 50-day moving average price is $35.68 and its two-hundred day moving average price is $34.84. The firm has a market capitalization of $4.79 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.2251 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 70.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after buying an additional 13,986 shares during the period. Jane Street Group LLC raised its position in Capital Group Core Balanced ETF by 25.4% during the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after acquiring an additional 57,029 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Capital Group Core Balanced ETF by 69.5% during the second quarter. Janney Montgomery Scott LLC now owns 310,430 shares of the company’s stock valued at $10,381,000 after acquiring an additional 127,329 shares in the last quarter. Truist Financial Corp lifted its holdings in Capital Group Core Balanced ETF by 9.6% in the second quarter. Truist Financial Corp now owns 79,312 shares of the company’s stock valued at $2,652,000 after acquiring an additional 6,949 shares during the period. Finally, Vicus Capital boosted its position in Capital Group Core Balanced ETF by 61.5% in the 2nd quarter. Vicus Capital now owns 16,578 shares of the company’s stock worth $554,000 after purchasing an additional 6,311 shares in the last quarter.

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.