Capital Group Core Bond ETF (NYSEARCA:CGCB) Sees Significant Decrease in Short Interest

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 124,475 shares, a decline of 72.1% from the July 15th total of 446,461 shares. Based on an average daily volume of 1,067,201 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Capital Group Core Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its stake in Capital Group Core Bond ETF by 0.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 138,294 shares of the company’s stock valued at $3,621,000 after purchasing an additional 416 shares in the last quarter. Summit Global Investments raised its stake in shares of Capital Group Core Bond ETF by 4.2% during the 1st quarter. Summit Global Investments now owns 14,133 shares of the company’s stock worth $371,000 after purchasing an additional 565 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Capital Group Core Bond ETF by 2.2% during the 4th quarter. Sigma Planning Corp now owns 26,063 shares of the company’s stock worth $691,000 after purchasing an additional 567 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Capital Group Core Bond ETF by 6.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,661 shares of the company’s stock worth $279,000 after purchasing an additional 663 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Capital Group Core Bond ETF by 473.1% during the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock valued at $28,000 after buying an additional 880 shares during the last quarter.

Capital Group Core Bond ETF Stock Down 0.3%

Capital Group Core Bond ETF stock traded down $0.08 during trading hours on Friday, hitting $25.87. The company had a trading volume of 999,924 shares, compared to its average volume of 1,322,744. Capital Group Core Bond ETF has a fifty-two week low of $25.70 and a fifty-two week high of $26.91. The firm’s fifty day moving average is $26.05 and its 200-day moving average is $26.28.

Capital Group Core Bond ETF Company Profile

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.