Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 534,551 shares, a decrease of 61.7% from the August 15th total of 1,396,808 shares. Based on an average daily volume of 1,017,169 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Capital Group Core Bond ETF Stock Down 0.0%

Shares of CGCB stock traded down $0.01 during trading hours on Friday, hitting $25.46. The company’s stock had a trading volume of 1,126,795 shares, compared to its average volume of 1,307,326. The business has a fifty day moving average of $25.88 and a 200-day moving average of $26.16. Capital Group Core Bond ETF has a twelve month low of $25.45 and a twelve month high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.1071 per share. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in shares of Capital Group Core Bond ETF by 30.4% during the 4th quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after purchasing an additional 5,195,824 shares during the last quarter. Capital International Investors raised its position in shares of Capital Group Core Bond ETF by 24.4% in the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock valued at $627,199,000 after buying an additional 4,641,432 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Capital Group Core Bond ETF by 92.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,905,361 shares of the company’s stock valued at $77,050,000 after buying an additional 1,395,908 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Capital Group Core Bond ETF by 36.1% during the first quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock valued at $95,749,000 after buying an additional 968,033 shares during the period. Finally, Valmark Advisers Inc. lifted its stake in shares of Capital Group Core Bond ETF by 82.5% during the first quarter. Valmark Advisers Inc. now owns 2,058,831 shares of the company’s stock valued at $54,065,000 after buying an additional 930,871 shares during the period.

About Capital Group Core Bond ETF

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.