Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Up 29.5% in April

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 48,092 shares, an increase of 29.5% from the March 31st total of 37,123 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,334,475 shares, the short-interest ratio is currently 0.0 days.

Capital Group Core Balanced ETF Price Performance

NYSEARCA:CGBL traded down $0.14 during trading hours on Wednesday, reaching $36.31. 835,360 shares of the company were exchanged, compared to its average volume of 1,246,556. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a 52-week low of $30.51 and a 52-week high of $36.96. The stock has a 50 day simple moving average of $35.65 and a 200 day simple moving average of $35.51.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Large investors have recently modified their holdings of the company. CoreCap Advisors LLC raised its holdings in shares of Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the period. US Bancorp DE raised its stake in shares of Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after acquiring an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after acquiring an additional 1,006 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at $86,000.

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.