Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 86.5% in May

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 75,307 shares, a decline of 86.5% from the April 30th total of 558,569 shares. Based on an average trading volume of 1,133,788 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CGBL. CoreCap Advisors LLC grew its position in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after acquiring an additional 1,026 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Capital Group Core Balanced ETF during the first quarter worth about $43,000. US Bancorp DE grew its holdings in shares of Capital Group Core Balanced ETF by 204.6% during the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after purchasing an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Capital Group Core Balanced ETF by 77.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter worth about $84,000.

Capital Group Core Balanced ETF Trading Up 0.3%

Capital Group Core Balanced ETF stock traded up $0.11 during midday trading on Friday, reaching $37.84. The company’s stock had a trading volume of 1,863,814 shares, compared to its average volume of 1,376,930. Capital Group Core Balanced ETF has a 52 week low of $31.97 and a 52 week high of $37.90. The business has a 50-day moving average price of $36.17 and a 200-day moving average price of $35.85. The stock has a market cap of $6.30 billion, a PE ratio of 25.37 and a beta of 0.69.

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.