Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Large Drop in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 64,919 shares, a drop of 71.3% from the August 31st total of 226,231 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,268,146 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group Core Balanced ETF Stock Down 0.9%

NYSEARCA:CGBL traded down $0.35 during mid-day trading on Monday, reaching $37.12. 1,186,680 shares of the stock were exchanged, compared to its average volume of 1,513,941. Capital Group Core Balanced ETF has a 1 year low of $33.67 and a 1 year high of $38.68. The stock has a market capitalization of $7.65 billion, a P/E ratio of 25.37 and a beta of 0.69. The company has a 50 day simple moving average of $37.81 and a 200-day simple moving average of $37.06.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several institutional investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the period. Advance Capital Management Inc. increased its stake in Capital Group Core Balanced ETF by 27.6% in the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after purchasing an additional 2,588,189 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in Capital Group Core Balanced ETF in the 4th quarter valued at approximately $40,500,000. Cetera Investment Advisers raised its holdings in Capital Group Core Balanced ETF by 21.8% during the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after purchasing an additional 723,471 shares during the last quarter. Finally, Compton Financial Group LLC boosted its position in Capital Group Core Balanced ETF by 2,302.1% during the first quarter. Compton Financial Group LLC now owns 543,246 shares of the company’s stock worth $18,693,000 after purchasing an additional 520,631 shares in the last quarter.

Capital Group Core Balanced ETF Company Profile

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.