Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Increases By 232.1%

by · The Markets Daily

Capital Group Core Bond ETF (NYSEARCA:CGCB – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 329,454 shares, an increase of 232.1% from the November 30th total of 99,215 shares. Based on an average daily trading volume, of 912,388 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 912,388 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Capital Group Core Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Truist Financial Corp lifted its holdings in shares of Capital Group Core Bond ETF by 35.9% during the 2nd quarter. Truist Financial Corp now owns 61,167 shares of the company’s stock valued at $1,609,000 after buying an additional 16,153 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Capital Group Core Bond ETF by 74.0% in the second quarter. Janney Montgomery Scott LLC now owns 30,315 shares of the company’s stock worth $797,000 after purchasing an additional 12,892 shares during the period. Geneos Wealth Management Inc. increased its position in Capital Group Core Bond ETF by 173.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 376,695 shares of the company’s stock worth $9,907,000 after buying an additional 238,923 shares during the period. Avantax Advisory Services Inc. raised its stake in Capital Group Core Bond ETF by 38.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 98,394 shares of the company’s stock valued at $2,588,000 after purchasing an additional 27,144 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management bought a new stake in shares of Capital Group Core Bond ETF in the second quarter valued at about $243,000.

Capital Group Core Bond ETF Price Performance

Capital Group Core Bond ETF stock traded up $0.01 during trading hours on Friday, reaching $26.54. The stock had a trading volume of 709,297 shares, compared to its average volume of 789,793. The company has a fifty day simple moving average of $26.65 and a 200-day simple moving average of $26.48. Capital Group Core Bond ETF has a 52 week low of $25.44 and a 52 week high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1186 per share. The ex-dividend date was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is an increase from Capital Group Core Bond ETF’s previous monthly dividend of $0.09.

Capital Group Core Bond ETF Company Profile

(Get Free Report)

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.

Featured Stories