Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 62.5% in February

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 282,604 shares, a drop of 62.5% from the January 29th total of 753,883 shares. Based on an average daily volume of 1,237,805 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,237,805 shares, the short-interest ratio is presently 0.2 days.

Capital Group Core Balanced ETF Trading Up 0.4%

NYSEARCA:CGBL opened at $36.67 on Thursday. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $36.71. The stock has a fifty day simple moving average of $36.06 and a 200-day simple moving average of $35.17.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors 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 was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

A number of hedge funds have recently added to or reduced their stakes in CGBL. CoreCap Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after acquiring an additional 1,026 shares in the last quarter. US Bancorp DE increased 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 period. Creative Financial Designs Inc. ADV raised its position in Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in Capital Group Core Balanced ETF during the 4th quarter valued at $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth $86,000.

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.