Short Interest in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Declines By 88.5%

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 32,501 shares, a decline of 88.5% from the February 12th total of 282,604 shares. Based on an average trading volume of 1,770,513 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,770,513 shares, the short-interest ratio is currently 0.0 days.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL traded down $0.56 on Thursday, hitting $35.12. The company’s stock had a trading volume of 790,933 shares, compared to its average volume of 1,336,636. The company has a market capitalization of $4.74 billion, a price-to-earnings 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 $36.71. The stock’s 50-day moving average is $36.16 and its two-hundred day moving average is $35.32.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.2251 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a yield of 2.6%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several large investors have recently bought and sold shares of the stock. Advance Capital Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 242.6% in the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after acquiring an additional 6,568,560 shares during the period. Wells Fargo & Company MN increased its stake in shares of Capital Group Core Balanced ETF by 191.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after acquiring an additional 3,033,933 shares during the period. LPL Financial LLC raised its holdings in Capital Group Core Balanced ETF by 27.7% during the fourth 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 in the last quarter. Aprio Wealth Management LLC acquired a new stake in Capital Group Core Balanced ETF in the fourth quarter worth approximately $63,960,000. Finally, Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after purchasing an additional 1,307,832 shares during the period.

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.