Short Interest in Congress Intermediate Bond ETF (NYSEARCA:CAFX) Declines By 76.5%

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,255 shares, a decrease of 76.5% from the May 14th total of 18,132 shares. Based on an average daily volume of 24,485 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Congress Intermediate Bond ETF Stock Down 0.1%

Shares of CAFX traded down $0.03 during mid-day trading on Friday, hitting $24.69. 31,692 shares of the company were exchanged, compared to its average volume of 58,027. Congress Intermediate Bond ETF has a 1-year low of $24.56 and a 1-year high of $25.38. The company has a 50 day moving average of $24.77 and a 200-day moving average of $24.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. purchased a new position in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Company Profile

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.