Congress Intermediate Bond ETF (NYSEARCA:CAFX) Sees Significant Growth in Short Interest

Congress Intermediate Bond ETF (NYSEARCA:CAFX) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 12,678 shares, a growth of 750.9% from the August 15th total of 1,490 shares. Based on an average daily trading volume, of 16,987 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Congress Intermediate Bond ETF Price Performance

Shares of NYSEARCA CAFX traded up $0.01 during mid-day trading on Friday, reaching $24.22. 48,785 shares of the company traded hands, compared to its average volume of 46,177. Congress Intermediate Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $25.38. The stock has a fifty day simple moving average of $24.49 and a 200-day simple moving average of $24.70.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC lifted its stake in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) by 222.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,757 shares of the company’s stock after purchasing an additional 54,998 shares during the period. Flow Traders U.S. LLC owned approximately 0.55% of Congress Intermediate Bond ETF worth $1,996,000 at the end of the most recent quarter.

About Congress Intermediate Bond ETF

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.