Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 69.2% in June

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 536,596 shares, a decrease of 69.2% from the May 31st total of 1,740,782 shares. Based on an average daily volume of 2,185,239 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Capital Group Core Balanced ETF Stock Up 0.1%

CGBL stock traded up $0.02 during midday trading on Tuesday, hitting $37.94. 1,210,407 shares of the company traded hands, compared to its average volume of 1,553,295. The business has a 50 day simple moving average of $37.28 and a 200-day simple moving average of $36.27. The stock has a market capitalization of $6.31 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 $33.25 and a twelve month high of $38.20.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CGBL. CoreCap Advisors LLC boosted its stake in Capital Group Core Balanced ETF by 14,657.1% during the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after purchasing an additional 1,026 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Capital Group Core Balanced ETF during the first quarter worth approximately $43,000. US Bancorp DE grew its stake in shares of Capital Group Core Balanced ETF by 204.6% in the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after acquiring an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake 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 during the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new stake in Capital Group Core Balanced ETF in the 4th quarter worth $84,000.

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.