Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Down 63.8% in May

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 144,900 shares, a drop of 63.8% from the May 14th total of 400,155 shares. Based on an average daily volume of 1,538,025 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Capital Group Core Bond ETF Trading Down 0.1%

NYSEARCA CGCB traded down $0.02 during trading hours on Friday, reaching $26.19. 1,150,504 shares of the stock traded hands, compared to its average volume of 1,222,129. The stock has a 50 day simple moving average of $26.24 and a two-hundred day simple moving average of $26.46. Capital Group Core Bond ETF has a 1 year low of $25.84 and a 1 year high of $26.91.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Large investors have recently added to or reduced their stakes in the company. Advisortrust Partners LLC purchased a new stake in Capital Group Core Bond ETF during the first quarter valued at about $27,000. IFP Advisors Inc raised its position in Capital Group Core Bond ETF by 473.1% during the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after purchasing an additional 880 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Capital Group Core Bond ETF during the third quarter valued at about $37,000. Legacy Wealth Managment LLC ID purchased a new stake in Capital Group Core Bond ETF during the first quarter valued at about $37,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Capital Group Core Bond ETF during the fourth quarter valued at about $43,000.

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.