Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Grows By 1,320.2%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,057,810 shares, a growth of 1,320.2% from the May 31st total of 144,900 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 1,110,147 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisortrust Partners LLC purchased a new stake in Capital Group Core Bond ETF in the first quarter valued at $27,000. IFP Advisors Inc grew its holdings in shares of Capital Group Core Bond ETF by 473.1% during the third quarter. IFP Advisors Inc now owns 1,066 shares of the company’s stock worth $28,000 after purchasing an additional 880 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new stake in shares of Capital Group Core Bond ETF during the first quarter worth about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Capital Group Core Bond ETF in the 4th quarter valued at about $43,000. Finally, Huntington National Bank purchased a new stake in shares of Capital Group Core Bond ETF in the 3rd quarter valued at about $54,000.

Capital Group Core Bond ETF Stock Performance

Capital Group Core Bond ETF stock traded up $0.02 during mid-day trading on Friday, hitting $26.36. The company had a trading volume of 103,162 shares, compared to its average volume of 1,197,901. Capital Group Core Bond ETF has a 1 year low of $25.84 and a 1 year high of $26.91. The business has a fifty day moving average of $26.21 and a 200 day moving average of $26.42.

About Capital Group Core Bond ETF

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.