Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Up 1,268.8% in December

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 700,079 shares, a growth of 1,268.8% from the November 30th total of 51,144 shares. Based on an average daily trading volume, of 894,331 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 894,331 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Capital Group Core Balanced ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Advance Capital Management Inc. increased its holdings in Capital Group Core Balanced ETF by 242.6% in the third quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after buying an additional 6,568,560 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Balanced ETF by 31.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after acquiring an additional 1,307,832 shares during the period. Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 20.2% in the 3rd quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock valued at $76,728,000 after purchasing an additional 371,133 shares in the last quarter. CWM LLC raised its holdings in Capital Group Core Balanced ETF by 208.6% in the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after purchasing an additional 1,492,252 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Capital Group Core Balanced ETF by 13.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock worth $71,584,000 after purchasing an additional 242,948 shares during the period.

Capital Group Core Balanced ETF Trading Up 0.3%

Shares of CGBL stock opened at $35.82 on Friday. The stock has a 50 day moving average of $35.00 and a 200 day moving average of $34.32. The stock has a market cap of $3.89 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $35.83.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.2251 per share. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.90 annualized dividend and a dividend yield of 2.5%.

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.