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

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 1,740,782 shares, a growth of 2,211.6% from the May 14th total of 75,307 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 2,888,853 shares, the short-interest ratio is presently 0.6 days.

Capital Group Core Balanced ETF Price Performance

Shares of Capital Group Core Balanced ETF stock traded up $0.09 on Tuesday, reaching $37.19. 4,955,265 shares of the company were exchanged, compared to its average volume of 1,431,778. Capital Group Core Balanced ETF has a 1-year low of $32.46 and a 1-year high of $38.05. The company has a market cap of $6.19 billion, a P/E ratio of 25.37 and a beta of 0.69. The stock’s 50 day moving average price is $36.61 and its 200-day moving average price is $36.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. grew its stake in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after purchasing an additional 2,588,189 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after buying an additional 3,033,933 shares during the last quarter. Morgan Stanley increased its holdings in Capital Group Core Balanced ETF by 17.0% in the fourth quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock valued at $143,524,000 after buying an additional 590,373 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Capital Group Core Balanced ETF by 21.8% in the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after buying an additional 723,471 shares in the last quarter.

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.