Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Expands By 176.5%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 446,461 shares, an increase of 176.5% from the June 30th total of 161,468 shares. Based on an average daily volume of 1,119,550 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Capital Group Core Bond ETF

A number of large investors have recently bought and sold shares of CGCB. Jane Street Group LLC boosted its holdings in Capital Group Core Bond ETF by 124.2% in the 1st quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock worth $9,190,000 after buying an additional 193,693 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Capital Group Core Bond ETF by 3.0% during the second quarter. JPMorgan Chase & Co. now owns 197,988 shares of the company’s stock worth $5,207,000 after buying an additional 5,767 shares during the last quarter. XTX Topco Ltd purchased a new stake in Capital Group Core Bond ETF in the 2nd quarter valued at $203,000. NewEdge Advisors LLC grew its holdings in shares of Capital Group Core Bond ETF by 31.3% in the second quarter. NewEdge Advisors LLC now owns 170,961 shares of the company’s stock valued at $4,496,000 after purchasing an additional 40,721 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Capital Group Core Bond ETF by 1,552.3% during the 2nd quarter. Sei Investments Co. now owns 505,722 shares of the company’s stock worth $13,300,000 after buying an additional 475,115 shares during the last quarter.

Capital Group Core Bond ETF Trading Up 0.3%

Shares of Capital Group Core Bond ETF stock traded up $0.07 on Monday, reaching $25.93. 409,370 shares of the stock were exchanged, compared to its average volume of 1,179,126. The business has a 50 day moving average price of $26.11 and a two-hundred day moving average price of $26.35. Capital Group Core Bond ETF has a twelve month low of $25.82 and a twelve month high of $26.91.

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.