Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Down 76.5% in May

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 4,255 shares, a drop of 76.5% from the May 14th total of 18,132 shares. Based on an average trading volume of 24,485 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Congress Intermediate Bond ETF Stock Up 0.0%

Shares of NYSEARCA CAFX opened at $24.64 on Wednesday. Congress Intermediate Bond ETF has a fifty-two week low of $24.56 and a fifty-two week high of $25.38. The firm’s 50-day simple moving average is $24.78 and its 200 day simple moving average is $24.94.

Hedge Funds Weigh In On Congress Intermediate Bond ETF

A hedge fund recently bought a new stake in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. acquired a new stake in Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,497 shares of the company’s stock, valued at approximately $113,000.

About Congress Intermediate Bond ETF

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.