Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Up 2,942.6% in July

Congress Intermediate Bond ETF (NYSEARCA:CAFX) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,793 shares, an increase of 2,942.6% from the July 15th total of 782 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 29,067 shares, the short-interest ratio is currently 0.8 days.

Congress Intermediate Bond ETF Price Performance

Congress Intermediate Bond ETF stock traded up $0.02 during midday trading on Tuesday, reaching $24.49. The stock had a trading volume of 24,208 shares, compared to its average volume of 49,838. The stock’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $24.80. Congress Intermediate Bond ETF has a twelve month low of $24.40 and a twelve month high of $25.38.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC grew its holdings in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) by 222.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,757 shares of the company’s stock after buying an additional 54,998 shares during the quarter. Flow Traders U.S. LLC owned 0.55% of Congress Intermediate Bond ETF worth $1,996,000 at the end of the most recent quarter.

Congress Intermediate Bond ETF Company Profile

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.