Congress Intermediate Bond ETF (NYSEARCA:CAFX) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Congress Intermediate Bond ETF (NYSEARCA:CAFX – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,678 shares, an increase of 750.9% from the August 15th total of 1,490 shares. Based on an average daily trading volume, of 16,987 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Congress Intermediate Bond ETF

A hedge fund recently bought a new position in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. bought a new position in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Trading Down 0.5%

Shares of CAFX opened at $24.21 on Friday. Congress Intermediate Bond ETF has a 52 week low of $24.21 and a 52 week high of $25.38. The stock has a 50 day moving average of $24.50 and a 200-day moving average of $24.70.

Congress Intermediate Bond ETF Company Profile

(Get Free Report)

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.

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