Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Large Drop in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 282,604 shares, a drop of 62.5% from the January 29th total of 753,883 shares. Based on an average daily volume of 1,237,805 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,237,805 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Core Balanced ETF Price Performance

Shares of Capital Group Core Balanced ETF stock traded down $0.09 during trading hours on Friday, reaching $36.54. The company’s stock had a trading volume of 952,414 shares, compared to its average volume of 1,403,452. The firm has a 50 day moving average price of $36.09 and a 200-day moving average price of $35.18. The stock has a market cap of $4.94 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

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

Institutional Trading of Capital Group Core Balanced ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after buying an additional 1,026 shares during the period. US Bancorp DE increased its position in Capital Group Core Balanced ETF by 204.6% during the 3rd 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 during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth approximately $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth approximately $86,000.

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.