Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Update

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 169,326 shares, a drop of 68.4% from the June 15th total of 536,596 shares. Based on an average trading volume of 2,735,520 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Capital Group Core Balanced ETF Trading Down 0.2%

Shares of CGBL stock traded down $0.07 during trading hours on Friday, hitting $37.67. 1,251,563 shares of the company’s stock were exchanged, compared to its average volume of 1,558,190. The company has a market capitalization of $7.04 billion, a PE ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The business’s 50 day simple moving average is $37.48 and its 200-day simple moving average is $36.42.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

A number of large investors have recently added to or reduced their stakes in CGBL. Westside Investment Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 22.7% in the 4th quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after purchasing an additional 27,075 shares during the period. Valmark Advisers Inc. grew its stake in Capital Group Core Balanced ETF by 28.7% in the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after purchasing an additional 26,424 shares during the period. CWM LLC grew its stake in Capital Group Core Balanced ETF by 5.7% in the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after purchasing an additional 117,287 shares during the period. Clarity Wealth Advisors LLC grew its stake in Capital Group Core Balanced ETF by 39.0% in the fourth quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after purchasing an additional 58,004 shares during the period. Finally, World Investment Advisors raised its holdings in Capital Group Core Balanced ETF by 57.9% in the fourth quarter. World Investment Advisors now owns 273,910 shares of the company’s stock worth $9,677,000 after purchasing an additional 100,405 shares in the last quarter.

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.