Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Significant Decline in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 226,231 shares, a drop of 61.9% from the August 15th total of 593,587 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,247,185 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its stake in Capital Group Core Balanced ETF by 25.5% during the fourth quarter. UBS Group AG now owns 201,077 shares of the company’s stock valued at $7,104,000 after acquiring an additional 40,826 shares in the last quarter. VVR Holdings LLC bought a new position in shares of Capital Group Core Balanced ETF during the 4th quarter valued at about $2,521,000. Compton Financial Group LLC purchased a new position in shares of Capital Group Core Balanced ETF during the fourth quarter valued at about $799,000. Stephens Inc. AR increased its holdings in shares of Capital Group Core Balanced ETF by 86.7% in the fourth quarter. Stephens Inc. AR now owns 64,090 shares of the company’s stock worth $2,264,000 after purchasing an additional 29,760 shares during the last quarter. Finally, High Net Worth Advisory Group LLC lifted its position in shares of Capital Group Core Balanced ETF by 7.1% in the first quarter. High Net Worth Advisory Group LLC now owns 316,985 shares of the company’s stock worth $10,907,000 after buying an additional 21,148 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock traded down $0.17 during mid-day trading on Tuesday, reaching $37.20. 767,717 shares of the company’s stock traded hands, compared to its average volume of 1,526,977. The firm has a market capitalization of $7.19 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The firm has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $36.98.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.1634 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. This represents a $0.65 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 30th.

Capital Group Core Balanced ETF Company Profile

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.