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

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 161,304 shares, a drop of 69.8% from the August 31st total of 534,551 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,327,760 shares, the days-to-cover ratio is currently 0.1 days.

Capital Group Core Bond ETF Trading Up 0.3%

Shares of NYSEARCA:CGCB opened at $25.25 on Friday. Capital Group Core Bond ETF has a 12-month low of $25.13 and a 12-month high of $26.91. The business’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $26.07.

Capital Group Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a dividend of $0.1071 per share. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.0806. The ex-dividend date was Friday, July 31st. This represents a $1.29 dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its stake in shares of Capital Group Core Bond ETF by 0.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 138,294 shares of the company’s stock worth $3,621,000 after acquiring an additional 416 shares in the last quarter. Summit Global Investments boosted its stake in Capital Group Core Bond ETF by 4.2% in the first quarter. Summit Global Investments now owns 14,133 shares of the company’s stock valued at $371,000 after acquiring an additional 565 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Capital Group Core Bond ETF by 6.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 10,661 shares of the company’s stock valued at $279,000 after acquiring an additional 663 shares in the last quarter. William Mack & Associates Inc. increased its position in shares of Capital Group Core Bond ETF by 7.6% during the second quarter. William Mack & Associates Inc. now owns 13,782 shares of the company’s stock worth $361,000 after purchasing an additional 979 shares in the last quarter. Finally, Advisortrust Partners LLC acquired a new position in shares of Capital Group Core Bond ETF during the first quarter worth $27,000.

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.