Short Interest in Congress Intermediate Bond ETF (NYSEARCA:CAFX) Decreases By 51.7%

Congress Intermediate Bond ETF (NYSEARCA:CAFX) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,055 shares, a decrease of 51.7% from the May 31st total of 4,255 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,774 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Congress Intermediate Bond ETF

An institutional investor recently bought a new stake in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. acquired a new position in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Price Performance

CAFX opened at $24.61 on Thursday. The company’s 50 day simple moving average is $24.73 and its two-hundred day simple moving average is $24.89. Congress Intermediate Bond ETF has a 1-year low of $24.56 and a 1-year high of $25.38.

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.