Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Up 621.2% in April

by · The Cerbat Gem

Congress Intermediate Bond ETF (NYSEARCA:CAFX – Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,337 shares, an increase of 621.2% from the April 15th total of 2,404 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 48,901 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC boosted its position in Congress Intermediate Bond ETF (NYSEARCA:CAFX – Free Report) by 222.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,757 shares of the company’s stock after acquiring an additional 54,998 shares during the quarter. Flow Traders U.S. LLC owned 0.55% of Congress Intermediate Bond ETF worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

Congress Intermediate Bond ETF Stock Down 0.2%

CAFX traded down $0.04 during trading on Tuesday, reaching $24.74. The stock had a trading volume of 2,170 shares, compared to its average volume of 61,471. Congress Intermediate Bond ETF has a one year low of $24.58 and a one year high of $25.38. The business has a 50-day moving average of $24.88 and a 200-day moving average of $25.00.

About Congress Intermediate Bond ETF

(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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