Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Down 63.8% in May

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 144,900 shares, a drop of 63.8% from the May 14th total of 400,155 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,538,025 shares, the short-interest ratio is presently 0.1 days.

Capital Group Core Bond ETF Price Performance

Shares of CGCB traded down $0.02 on Friday, hitting $26.19. 1,150,504 shares of the stock traded hands, compared to its average volume of 1,222,129. The business has a 50 day simple moving average of $26.24 and a 200 day simple moving average of $26.46. Capital Group Core Bond ETF has a one year low of $25.84 and a one year high of $26.91.

Institutional Investors Weigh In On Capital Group Core Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Sunpointe LLC increased its holdings in Capital Group Core Bond ETF by 501.0% in the 3rd quarter. Sunpointe LLC now owns 82,728 shares of the company’s stock valued at $2,199,000 after acquiring an additional 68,964 shares during the last quarter. Sovran Advisors LLC increased its holdings in Capital Group Core Bond ETF by 12.4% in the 4th quarter. Sovran Advisors LLC now owns 367,885 shares of the company’s stock valued at $9,782,000 after acquiring an additional 40,652 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in Capital Group Core Bond ETF in the 4th quarter valued at $1,281,000. Merit Financial Group LLC increased its holdings in Capital Group Core Bond ETF by 5.2% in the 4th quarter. Merit Financial Group LLC now owns 2,035,628 shares of the company’s stock valued at $53,985,000 after acquiring an additional 99,718 shares during the last quarter. Finally, Saxony Capital Management LLC increased its holdings in Capital Group Core Bond ETF by 49.6% in the 4th quarter. Saxony Capital Management LLC now owns 121,302 shares of the company’s stock valued at $3,217,000 after acquiring an additional 40,221 shares during the last quarter.

Capital Group Core Bond ETF Company Profile

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.