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

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 300,124 shares, a decline of 46.1% from the December 31st total of 557,068 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,112,028 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 1,112,028 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock traded down $0.40 on Friday, hitting $36.04. 1,042,120 shares of the company’s stock were exchanged, compared to its average volume of 1,321,141. The company has a 50 day moving average of $35.64 and a 200 day moving average of $34.82. The stock has a market cap of $4.79 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 $28.22 and a 12 month high of $36.55.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.2251 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CGBL. CoreCap Advisors LLC lifted its stake in shares of Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after acquiring an additional 1,026 shares during the period. US Bancorp DE raised its holdings in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after purchasing an additional 1,105 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Core Balanced ETF in the 4th quarter worth approximately $86,000. Allworth Financial LP boosted its stake in shares of 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 valued at $156,000 after purchasing an additional 390 shares during the last quarter. Finally, Financial Perspectives Inc increased its position in shares of Capital Group Core Balanced ETF by 225.9% during the second quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after buying an additional 4,035 shares during the period.

About Capital Group Core Balanced ETF

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.