Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 534,551 shares, a decline of 61.7% from the August 15th total of 1,396,808 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,017,169 shares, the short-interest ratio is currently 0.5 days.

Capital Group Core Bond ETF Trading Down 0.0%

Shares of Capital Group Core Bond ETF stock traded down $0.01 during trading hours on Friday, reaching $25.46. 1,126,795 shares of the company’s stock were exchanged, compared to its average volume of 1,307,326. Capital Group Core Bond ETF has a 52-week low of $25.45 and a 52-week high of $26.91. The company has a fifty day moving average of $25.88 and a 200-day moving average of $26.16.

Capital Group Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a $0.1071 dividend. The ex-dividend date was Friday, July 31st. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 5.0%.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in shares of Capital Group Core Bond ETF by 124.2% during the 1st quarter. Jane Street Group LLC now owns 349,693 shares of the company’s stock valued at $9,190,000 after acquiring an additional 193,693 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Capital Group Core Bond ETF by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 197,988 shares of the company’s stock worth $5,207,000 after acquiring an additional 5,767 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Capital Group Core Bond ETF in the second quarter worth approximately $203,000. NewEdge Advisors LLC grew its holdings in 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. grew its holdings in Capital Group Core Bond ETF by 1,552.3% in the second quarter. Sei Investments Co. now owns 505,722 shares of the company’s stock valued at $13,300,000 after purchasing an additional 475,115 shares during the period.

Capital Group Core Bond ETF Company Profile

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.