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

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 769,892 shares, a growth of 354.7% from the June 30th total of 169,326 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 1,815,343 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Capital Group Core Balanced ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in 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 in the last quarter. Jane Street Group LLC lifted its position in shares of 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 worth $8,714,000 after acquiring an additional 57,029 shares in the last quarter. Creative Planning bought a new position in shares of Capital Group Core Balanced ETF in the second quarter worth $218,000. JPMorgan Chase & Co. bought a new position in shares of Capital Group Core Balanced ETF in the second quarter worth $269,000. Finally, Diversify Wealth Management LLC grew its position in shares of Capital Group Core Balanced ETF by 14.0% in the second quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock valued at $405,000 after purchasing an additional 1,467 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $37.24 on Tuesday. Capital Group Core Balanced ETF has a fifty-two week low of $33.25 and a fifty-two week high of $38.20. The business has a 50-day moving average of $37.52 and a 200 day moving average of $36.55. The firm has a market cap of $7.07 billion, a P/E ratio of 25.37 and a beta of 0.68.

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.