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

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 593,587 shares, a growth of 217.2% from the July 30th total of 187,113 shares. Based on an average trading volume of 1,238,967 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL traded down $0.12 on Friday, hitting $38.19. The company had a trading volume of 2,165,556 shares, compared to its average volume of 1,548,595. The company’s fifty day moving average price is $37.79 and its 200-day moving average price is $36.85. The company has a market capitalization of $7.38 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68.

Institutional Trading of Capital Group Core Balanced ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. World Investment Advisors lifted its position in shares of 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 valued at $9,677,000 after acquiring an additional 100,405 shares in the last quarter. UBS Group AG increased its position in shares of Capital Group Core Balanced ETF by 25.5% during the fourth quarter. UBS Group AG now owns 201,077 shares of the company’s stock worth $7,104,000 after purchasing an additional 40,826 shares in the last quarter. Compton Financial Group LLC purchased a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter worth approximately $799,000. VVR Holdings LLC acquired a new position in Capital Group Core Balanced ETF in the 4th quarter valued at $2,521,000. Finally, CWS Financial Advisors LLC raised its stake in Capital Group Core Balanced ETF by 12.8% in the 1st quarter. CWS Financial Advisors LLC now owns 120,953 shares of the company’s stock valued at $4,162,000 after purchasing an additional 13,704 shares during the last quarter.

About Capital Group Core Balanced ETF

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.