Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Down 76.5% in May

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,255 shares, a decrease of 76.5% from the May 14th total of 18,132 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 24,485 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Congress Intermediate Bond ETF

An institutional investor recently raised its position in Congress Intermediate Bond ETF stock. Flow Traders U.S. LLC lifted its stake in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) by 222.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,757 shares of the company’s stock after purchasing an additional 54,998 shares during the quarter. Flow Traders U.S. LLC owned about 0.55% of Congress Intermediate Bond ETF worth $1,996,000 at the end of the most recent reporting period.

Congress Intermediate Bond ETF Stock Up 0.0%

Shares of CAFX opened at $24.64 on Wednesday. The firm’s fifty day simple moving average is $24.78 and its two-hundred day simple moving average is $24.94. Congress Intermediate Bond ETF has a 12 month low of $24.56 and a 12 month high of $25.38.

Congress Intermediate Bond ETF Company Profile

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.