Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 95.0% in March

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 37,123 shares, a decrease of 95.0% from the March 15th total of 735,802 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,027,152 shares, the days-to-cover ratio is presently 0.0 days.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL remained flat at $35.80 on Friday. 726,936 shares of the company’s stock traded hands, compared to its average volume of 1,285,402. The stock’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $35.36. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a 1 year low of $29.28 and a 1 year high of $36.71.

Institutional Trading of Capital Group Core Balanced ETF

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in shares of Capital Group Core Balanced ETF by 27.7% in the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 1.2% in the fourth quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock valued at $331,597,000 after buying an additional 109,747 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after buying an additional 1,307,832 shares during the period. Wells Fargo & Company MN raised its position in shares of Capital Group Core Balanced ETF by 191.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after acquiring an additional 3,033,933 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Capital Group Core Balanced ETF by 17.0% during the fourth quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after acquiring an additional 590,373 shares during the last quarter.

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.