Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Drops By 35.4%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 212,965 shares, a decline of 35.4% from the December 15th total of 329,454 shares. Based on an average daily volume of 869,990 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 869,990 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of Capital Group Core Bond ETF by 124.2% during the 1st quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock valued at $9,190,000 after purchasing an additional 193,693 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Capital Group Core Bond ETF by 13.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 195,948 shares of the company’s stock valued at $5,153,000 after buying an additional 23,507 shares during the period. Sovran Advisors LLC grew its stake in shares of Capital Group Core Bond ETF by 2,040.5% during the second quarter. Sovran Advisors LLC now owns 275,159 shares of the company’s stock valued at $7,176,000 after buying an additional 262,304 shares during the last quarter. LongView Wealth Management increased its holdings in shares of Capital Group Core Bond ETF by 30.1% in the second quarter. LongView Wealth Management now owns 53,120 shares of the company’s stock worth $1,397,000 after buying an additional 12,291 shares during the period. Finally, AA Financial Advisors LLC purchased a new position in shares of Capital Group Core Bond ETF in the second quarter worth about $647,000.

Capital Group Core Bond ETF Stock Performance

Shares of Capital Group Core Bond ETF stock traded down $0.05 on Friday, hitting $26.54. 1,435,321 shares of the company traded hands, compared to its average volume of 1,265,820. Capital Group Core Bond ETF has a 12-month low of $25.57 and a 12-month high of $26.91. The firm’s 50-day simple moving average is $26.59 and its 200 day simple moving average is $26.52.

Capital Group Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.1186 per share. This is a boost from Capital Group Core Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 5.4%.

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.