Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 20.4% in December

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 557,068 shares, a decline of 20.4% from the December 15th total of 700,079 shares. Based on an average trading volume of 994,661 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 994,661 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its position in Capital Group Core Balanced ETF by 14,657.1% during the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after acquiring an additional 1,026 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after purchasing an additional 709 shares in the last quarter. US Bancorp DE raised its stake in shares of Capital Group Core Balanced ETF by 204.6% during the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares in the last quarter. Allworth Financial LP lifted its holdings in Capital Group Core Balanced ETF by 9.1% in the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the period. Finally, Financial Perspectives Inc grew its position in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after buying an additional 4,035 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.2%

CGBL stock opened at $36.29 on Friday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.42. The firm’s 50-day simple moving average is $35.33 and its 200 day simple moving average is $34.66. The stock has a market cap of $4.67 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.2251 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Core Balanced ETF Company Profile

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.