Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 68.4% in June

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 169,326 shares, a drop of 68.4% from the June 15th total of 536,596 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,735,520 shares, the short-interest ratio is currently 0.1 days.

Capital Group Core Balanced ETF Stock Up 0.2%

CGBL stock traded up $0.09 during mid-day trading on Tuesday, hitting $37.43. The company had a trading volume of 1,990,707 shares, compared to its average volume of 1,560,377. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The company has a 50-day moving average price of $37.51 and a 200 day moving average price of $36.44.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

A number of hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in Capital Group Core Balanced ETF by 22.7% during the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after purchasing an additional 27,075 shares in the last quarter. Valmark Advisers Inc. grew its stake in shares of Capital Group Core Balanced ETF by 28.7% in the 4th quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after buying an additional 26,424 shares in the last quarter. CWM LLC grew its stake in shares of Capital Group Core Balanced ETF by 5.7% in the 4th quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after buying an additional 117,287 shares in the last quarter. World Investment Advisors increased its holdings in shares of Capital Group Core Balanced ETF by 57.9% in the 4th quarter. World Investment Advisors now owns 273,910 shares of the company’s stock worth $9,677,000 after buying an additional 100,405 shares during the last quarter. Finally, Clarity Wealth Advisors LLC increased its holdings in shares of Capital Group Core Balanced ETF by 39.0% in the 4th quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after buying an additional 58,004 shares during the last quarter.

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.