Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,396,808 shares, a growth of 1,022.2% from the July 30th total of 124,475 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 3,322,256 shares, the days-to-cover ratio is currently 0.4 days.
Capital Group Core Bond ETF Price Performance
CGCB stock traded down $0.05 during trading on Wednesday, reaching $25.96. The company had a trading volume of 262,972 shares, compared to its average volume of 1,302,480. The business has a 50 day moving average of $26.01 and a 200 day moving average of $26.25. Capital Group Core Bond ETF has a 52 week low of $25.70 and a 52 week high of $26.91.
Hedge Funds Weigh In On Capital Group Core Bond ETF
Hedge funds have recently added to or reduced their stakes in the company. Advisortrust Partners LLC bought a new position in Capital Group Core Bond ETF in the first quarter worth approximately $27,000. IFP Advisors Inc increased its holdings in Capital Group Core Bond ETF by 473.1% in the 3rd quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after buying an additional 880 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in Capital Group Core Bond ETF during the first quarter valued at $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group Core Bond ETF during the fourth quarter valued at approximately $43,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Capital Group Core Bond ETF in the 4th quarter valued at $73,000.
About Capital Group Core Bond ETF
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.
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