Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Significant Increase in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 700,079 shares, a growth of 1,268.8% from the November 30th total of 51,144 shares. Based on an average daily trading volume, of 894,331 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 894,331 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Capital Group Core Balanced ETF

Large investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after acquiring an additional 709 shares in the last quarter. US Bancorp DE lifted its position in Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after acquiring an additional 1,105 shares in the last quarter. Allworth Financial LP boosted its stake in Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc increased its holdings in Capital Group Core Balanced ETF by 225.9% during the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after purchasing an additional 4,035 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at about $203,000.

Capital Group Core Balanced ETF Stock Up 0.3%

Capital Group Core Balanced ETF stock traded up $0.12 during mid-day trading on Wednesday, hitting $35.82. 488,977 shares of the company’s stock were exchanged, compared to its average volume of 725,547. The firm has a market capitalization of $3.89 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.83. The company’s 50 day simple moving average is $34.97 and its 200-day simple moving average is $34.30.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1857 per share. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.