Capital Group Core Bond ETF (NYSEARCA:CGCB) Sees Significant Decrease in Short Interest

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 161,468 shares, a drop of 92.2% from the June 15th total of 2,057,810 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,003,690 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Core Bond ETF Price Performance

Shares of CGCB stock traded down $0.01 on Friday, hitting $26.04. The stock had a trading volume of 607,008 shares, compared to its average volume of 1,199,111. Capital Group Core Bond ETF has a twelve month low of $25.84 and a twelve month high of $26.91. The company has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $26.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of Capital Group Core Bond ETF by 30.4% in the fourth quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock worth $590,327,000 after acquiring an additional 5,195,824 shares in the last quarter. Capital International Investors lifted its holdings in shares of Capital Group Core Bond ETF by 24.4% during the 4th quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock valued at $627,199,000 after purchasing an additional 4,641,432 shares in the last quarter. Johnson Bixby & Associates LLC grew its position in shares of Capital Group Core Bond ETF by 14,622.3% in the 4th quarter. Johnson Bixby & Associates LLC now owns 2,044,780 shares of the company’s stock valued at $54,228,000 after purchasing an additional 2,030,891 shares during the period. Wells Fargo & Company MN grew its position in shares of Capital Group Core Bond ETF by 92.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,905,361 shares of the company’s stock valued at $77,050,000 after purchasing an additional 1,395,908 shares during the period. Finally, Aprio Wealth Management LLC bought a new stake in Capital Group Core Bond ETF during the 4th quarter worth approximately $25,716,000.

Capital Group Core Bond ETF Company Profile

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.