Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Declines By 92.8%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 32,103 shares, a decline of 92.8% from the January 15th total of 444,895 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,325,478 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,325,478 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA:CGCB traded up $0.09 during midday trading on Tuesday, reaching $26.69. 965,990 shares of the company’s stock were exchanged, compared to its average volume of 1,263,748. The company’s 50 day simple moving average is $26.56 and its two-hundred day simple moving average is $26.57. Capital Group Core Bond ETF has a 12 month low of $25.57 and a 12 month high of $26.91.

Capital Group Core Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a dividend of $0.069 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Large investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Capital Group Core Bond ETF by 473.1% during the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after buying an additional 880 shares during the period. Clearstead Trust LLC acquired a new position in Capital Group Core Bond ETF during the third quarter worth $37,000. Huntington National Bank acquired a new position in Capital Group Core Bond ETF during the third quarter worth $54,000. EverSource Wealth Advisors LLC bought a new position in shares of Capital Group Core Bond ETF during the third quarter valued at $67,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Core Bond ETF in the 4th quarter valued at $73,000.

About Capital Group Core Bond ETF

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.