Capital Group Core Balanced ETF (NYSEARCA:CGBL) Shares Shorted: Short Interest Up 1,096.4% in September

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 776,722 shares, an increase of 1,096.4% from the September 15th total of 64,919 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,371,029 shares, the short-interest ratio is currently 0.6 days.

Capital Group Core Balanced ETF Stock Up 0.3%

Shares of CGBL traded up $0.11 during trading hours on Friday, reaching $37.16. 816,107 shares of the company traded hands, compared to its average volume of 1,509,547. The stock has a market capitalization of $7.78 billion, a P/E ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68. The business has a fifty day moving average price of $37.77 and a 200-day moving average price of $37.18.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.2056 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CGBL. Beacon Financial Advisory LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 0.8% in the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after buying an additional 337 shares during the period. Simplicity Wealth LLC boosted its stake in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after buying an additional 367 shares during the last quarter. Harmony Asset Management LLC boosted its stake in shares of Capital Group Core Balanced ETF by 7.0% in the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after buying an additional 414 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Capital Group Core Balanced ETF by 4.6% during the first quarter. Sanctuary Advisors LLC now owns 9,556 shares of the company’s stock worth $329,000 after acquiring an additional 416 shares during the period. Finally, Summit Global Investments grew its holdings in Capital Group Core Balanced ETF by 2.7% during the first quarter. Summit Global Investments now owns 16,149 shares of the company’s stock worth $556,000 after acquiring an additional 426 shares during the period.

Capital Group Core Balanced ETF Company Profile

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.