Capital Group Core Balanced ETF (NYSEARCA:CGBL) Stock Short Interest Climbs 1,096.4%

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 776,722 shares, a growth of 1,096.4% from the September 15th total of 64,919 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,371,029 shares, the short-interest ratio is presently 0.6 days.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL traded up $0.11 during mid-day trading on Friday, hitting $37.16. 816,107 shares of the company’s stock were exchanged, compared to its average volume of 1,509,547. The stock’s 50-day moving average is $37.77 and its 200-day moving average is $37.18. Capital Group Core Balanced ETF has a fifty-two week low of $33.67 and a fifty-two week high of $38.68. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 30th. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust purchased a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at $33,000. Anchor Investment Management LLC purchased a new stake in Capital Group Core Balanced ETF in the first quarter valued at $43,000. CX Institutional purchased a new stake in Capital Group Core Balanced ETF in the third quarter valued at $78,000. CoreCap Advisors LLC boosted its stake in Capital Group Core Balanced ETF by 130.9% in the third quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock valued at $78,000 after acquiring an additional 1,203 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in Capital Group Core Balanced ETF in the fourth quarter valued at $171,000.

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.