Congress Intermediate Bond ETF (NYSEARCA:CAFX) Sees Large Growth in Short Interest

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 23,793 shares, a growth of 2,942.6% from the July 15th total of 782 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 29,067 shares, the days-to-cover ratio is currently 0.8 days.

Congress Intermediate Bond ETF Stock Up 0.1%

NYSEARCA CAFX traded up $0.02 during trading hours on Tuesday, hitting $24.49. The company had a trading volume of 24,208 shares, compared to its average volume of 49,838. Congress Intermediate Bond ETF has a fifty-two week low of $24.40 and a fifty-two week high of $25.38. The firm’s 50 day moving average is $24.61 and its 200 day moving average is $24.80.

Institutional Investors Weigh In On Congress Intermediate Bond ETF

An institutional investor recently raised its position in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC increased its stake in Congress Intermediate Bond ETF (NYSEARCA:CAFX) by 222.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,757 shares of the company’s stock after buying an additional 54,998 shares during the quarter. Flow Traders U.S. LLC owned about 0.55% of Congress Intermediate Bond ETF worth $1,996,000 as of its most recent filing with the SEC.

About Congress Intermediate Bond ETF

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.