Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Update

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 593,587 shares, a growth of 217.2% from the July 30th total of 187,113 shares. Based on an average daily volume of 1,238,967 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Capital Group Core Balanced ETF Stock Down 0.0%

Shares of Capital Group Core Balanced ETF stock traded down $0.01 on Thursday, hitting $38.28. 1,017,201 shares of the company’s stock traded hands, compared to its average volume of 1,543,950. The stock has a market cap of $7.40 billion, a P/E ratio of 25.37 and a beta of 0.69. The firm’s 50-day moving average is $37.79 and its 200 day moving average is $36.84. Capital Group Core Balanced ETF has a 52-week low of $33.67 and a 52-week high of $38.68.

Institutional Trading of Capital Group Core Balanced ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC raised its position in shares of Capital Group Core Balanced ETF by 1.1% during the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock valued at $898,000 after acquiring an additional 276 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in Capital Group Core Balanced ETF by 3.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after purchasing an additional 286 shares during the period. Beacon Financial Advisory LLC boosted its holdings in Capital Group Core Balanced ETF by 0.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after purchasing an additional 337 shares during the period. Simplicity Wealth LLC increased its stake in Capital Group Core Balanced ETF by 4.4% during the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock valued at $300,000 after purchasing an additional 367 shares during the last quarter. Finally, Harmony Asset Management LLC increased its stake in Capital Group Core Balanced ETF by 7.0% during the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock valued at $218,000 after purchasing an additional 414 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.