Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,396,808 shares, a growth of 1,022.2% from the July 30th total of 124,475 shares. Based on an average trading volume of 3,322,256 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are sold short.

Capital Group Core Bond ETF Price Performance

Capital Group Core Bond ETF stock traded up $0.13 during mid-day trading on Tuesday, hitting $26.01. The stock had a trading volume of 655,508 shares, compared to its average volume of 1,309,332. The stock has a 50-day simple moving average of $26.01 and a two-hundred day simple moving average of $26.25. Capital Group Core Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CGCB. Ameritas Advisory Services LLC raised its stake in shares of Capital Group Core Bond ETF by 49.6% during the second quarter. Ameritas Advisory Services LLC now owns 67,856 shares of the company’s stock worth $1,776,000 after buying an additional 22,496 shares during the last quarter. Kintra Wealth LLC grew its holdings in Capital Group Core Bond ETF by 11.6% during the 2nd quarter. Kintra Wealth LLC now owns 1,297,322 shares of the company’s stock worth $33,666,000 after acquiring an additional 134,337 shares during the period. Endeavor Private Wealth Inc. raised its position in shares of Capital Group Core Bond ETF by 6.5% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 156,810 shares of the company’s stock valued at $4,105,000 after acquiring an additional 9,551 shares during the last quarter. Hopwood Nicholas Hunter bought a new stake in shares of Capital Group Core Bond ETF during the 2nd quarter valued at $2,115,000. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Capital Group Core Bond ETF by 7.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 203,488 shares of the company’s stock valued at $5,327,000 after purchasing an additional 14,761 shares during the period.

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.