Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 20.4% in December

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 557,068 shares, a decline of 20.4% from the December 15th total of 700,079 shares. Based on an average daily volume of 994,661 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 994,661 shares, the short-interest ratio is presently 0.6 days.

Capital Group Core Balanced ETF Stock Up 0.2%

CGBL opened at $36.29 on Friday. The stock has a fifty day moving average of $35.33 and a 200-day moving average of $34.66. The firm has a market capitalization of $4.67 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.42.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.2251 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.90 annualized dividend and a yield of 2.5%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

A number of large investors have recently made changes to their positions in CGBL. Advance Capital Management Inc. lifted its position in shares of 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 worth $322,061,000 after purchasing an additional 6,568,560 shares in the last quarter. CWM LLC increased its stake 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 valued at $73,821,000 after buying an additional 1,492,252 shares during the period. Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after buying an additional 1,307,832 shares in the last quarter. Raymond James Financial Inc. lifted its position in Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after buying an additional 791,376 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at $12,843,000.

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.