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

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 753,883 shares, an increase of 151.2% from the January 15th total of 300,124 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,530,328 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 1,530,328 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its position in Capital Group Core Balanced ETF by 14,657.1% in the 4th 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 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 acquiring an additional 1,105 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital Group Core Balanced ETF by 77.4% in the fourth 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 during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the fourth quarter valued at approximately $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Capital Group Core Balanced ETF in the fourth quarter worth approximately $86,000.

Capital Group Core Balanced ETF Stock Up 0.3%

CGBL traded up $0.11 during trading hours on Friday, reaching $36.24. 1,310,344 shares of the company’s stock traded hands, compared to its average volume of 1,293,348. The firm has a 50-day moving average price of $35.89 and a 200 day moving average price of $35.01. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.63. The firm has a market capitalization of $4.90 billion, a PE ratio of 25.37 and a beta of 0.69.

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 paid a dividend of $0.2251 per share. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th.

About Capital Group Core Balanced ETF

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.