Capital Group Core Balanced ETF (NYSEARCA:CGBL – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 593,587 shares, a growth of 217.2% from the July 30th total of 187,113 shares. Based on an average daily trading volume, of 1,238,967 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.
Capital Group Core Balanced ETF Price Performance
Shares of NYSEARCA:CGBL traded down $0.01 during trading on Thursday, reaching $38.28. 1,017,201 shares of the company’s stock traded hands, compared to its average volume of 1,543,950. The stock has a market capitalization of $7.40 billion, a P/E 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 company has a 50 day moving average of $37.79 and a 200-day moving average of $36.84.
Hedge Funds Weigh In On Capital Group Core Balanced ETF
Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 70.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after purchasing an additional 13,986 shares during the last quarter. Jane Street Group LLC grew its stake in Capital Group Core Balanced ETF by 25.4% during the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock worth $8,714,000 after buying an additional 57,029 shares during the last quarter. Creative Planning bought a new position in Capital Group Core Balanced ETF during the 2nd quarter worth $218,000. JPMorgan Chase & Co. acquired a new stake in Capital Group Core Balanced ETF in the second quarter worth $269,000. Finally, Diversify Wealth Management LLC increased its position in Capital Group Core Balanced ETF by 14.0% in the second quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after buying an additional 1,467 shares during the period.
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.
See Also
- Five stocks we like better than Capital Group Core Balanced ETF
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Capital Group Core Balanced ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Balanced ETF and related companies with MarketBeat.com's FREE daily email newsletter.
