Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Up 29.5% in April

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 48,092 shares, an increase of 29.5% from the March 31st total of 37,123 shares. Based on an average trading volume of 1,334,475 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Several hedge funds have recently modified their holdings of the stock. Creekside Partners lifted its holdings in Capital Group Core Balanced ETF by 230.6% in the 3rd quarter. Creekside Partners now owns 41,185 shares of the company’s stock valued at $1,430,000 after purchasing an additional 28,729 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in Capital Group Core Balanced ETF by 155.5% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 41,249 shares of the company’s stock valued at $1,437,000 after purchasing an additional 25,105 shares in the last quarter. Capital Management Associates Inc increased its stake in shares of Capital Group Core Balanced ETF by 18.9% in the 3rd quarter. Capital Management Associates Inc now owns 221,459 shares of the company’s stock worth $7,689,000 after acquiring an additional 35,270 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 37.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 129,953 shares of the company’s stock worth $4,512,000 after acquiring an additional 35,271 shares during the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 22.7% in the 4th quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock worth $5,168,000 after acquiring an additional 27,075 shares during the last quarter.

Capital Group Core Balanced ETF Stock Up 0.1%

Shares of CGBL traded up $0.05 during mid-day trading on Friday, hitting $36.71. 401,383 shares of the company traded hands, compared to its average volume of 1,233,200. Capital Group Core Balanced ETF has a 1-year low of $31.00 and a 1-year high of $36.96. The company has a market capitalization of $6.08 billion, a PE ratio of 25.37 and a beta of 0.71. The business has a 50 day moving average of $35.66 and a 200 day moving average of $35.53.

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.