Short Interest in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Decreases By 69.2%

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 536,596 shares, a decrease of 69.2% from the May 31st total of 1,740,782 shares. Based on an average daily volume of 2,185,239 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Capital Group Core Balanced ETF Price Performance

NYSEARCA:CGBL traded down $0.06 during trading hours on Friday, hitting $37.61. The stock had a trading volume of 3,552,142 shares, compared to its average volume of 1,555,984. The company has a 50 day simple moving average of $37.25 and a two-hundred day simple moving average of $36.24. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a one year low of $33.25 and a one year high of $38.20.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Several large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC increased its stake in Capital Group Core Balanced ETF by 1.1% in the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after acquiring an additional 276 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Capital Group Core Balanced ETF by 3.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after purchasing an additional 286 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Capital Group Core Balanced ETF by 6.7% during the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of Capital Group Core Balanced ETF by 0.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after purchasing an additional 337 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after purchasing an additional 367 shares during the last quarter.

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.