Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Down 72.1% in July

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 124,475 shares, a decline of 72.1% from the July 15th total of 446,461 shares. Based on an average daily trading volume, of 1,067,201 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Capital Group Core Bond ETF Price Performance

Shares of NYSEARCA:CGCB opened at $25.94 on Thursday. The business’s 50 day simple moving average is $26.05 and its 200 day simple moving average is $26.29. Capital Group Core Bond ETF has a 1 year low of $25.70 and a 1 year high of $26.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CGCB. Jane Street Group LLC grew its stake in Capital Group Core Bond ETF by 124.2% during the first quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock worth $9,190,000 after buying an additional 193,693 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Capital Group Core Bond ETF by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 197,988 shares of the company’s stock worth $5,207,000 after acquiring an additional 5,767 shares during the period. XTX Topco Ltd bought a new stake in shares of Capital Group Core Bond ETF during the 2nd quarter worth approximately $203,000. NewEdge Advisors LLC lifted its holdings in shares of Capital Group Core Bond ETF by 31.3% during the 2nd quarter. NewEdge Advisors LLC now owns 170,961 shares of the company’s stock worth $4,496,000 after acquiring an additional 40,721 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Capital Group Core Bond ETF by 1,552.3% during the 2nd quarter. Sei Investments Co. now owns 505,722 shares of the company’s stock worth $13,300,000 after acquiring an additional 475,115 shares in the last quarter.

Capital Group Core Bond ETF Company Profile

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.