Congress Intermediate Bond ETF (NYSEARCA:CAFX) Sees Large Drop in Short Interest

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 782 shares, a decrease of 64.7% from the June 30th total of 2,218 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 19,037 shares, the short-interest ratio is currently 0.0 days.

Congress Intermediate Bond ETF Trading Up 0.2%

Shares of CAFX traded up $0.04 during trading hours on Tuesday, hitting $24.56. The stock had a trading volume of 16,103 shares, compared to its average volume of 51,625. Congress Intermediate Bond ETF has a 12-month low of $24.45 and a 12-month high of $25.38. The company’s fifty day simple moving average is $24.65 and its 200 day simple moving average is $24.83.

Hedge Funds Weigh In On Congress Intermediate Bond ETF

An institutional investor recently bought a new position in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. acquired a new stake in Congress Intermediate Bond ETF (NYSEARCA:CAFX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,497 shares of the company’s stock, valued at approximately $113,000.

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.