Short Interest in Capital Group Core Balanced ETF (NYSEARCA:CGBL) Rises By 151.2%

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

Capital Group Core Balanced ETF Trading Up 0.3%

Shares of NYSEARCA CGBL traded up $0.11 on Friday, reaching $36.24. 1,310,344 shares of the company traded hands, compared to its average volume of 1,293,348. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.63. The company has a 50 day moving average of $35.89 and a 200 day moving average of $35.01. The stock 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 declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders 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 yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Trading of Capital Group Core Balanced ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Creekside Partners boosted its holdings in shares of Capital Group Core Balanced ETF by 230.6% during the third quarter. Creekside Partners now owns 41,185 shares of the company’s stock valued at $1,430,000 after acquiring an additional 28,729 shares during the period. Capital Management Associates Inc boosted its stake in Capital Group Core Balanced ETF by 18.9% during the 3rd quarter. Capital Management Associates Inc now owns 221,459 shares of the company’s stock valued at $7,689,000 after purchasing an additional 35,270 shares during the period. DAVENPORT & Co LLC grew its position in Capital Group Core Balanced ETF by 32.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 62,680 shares of the company’s stock worth $2,176,000 after purchasing an additional 15,494 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Capital Group Core Balanced ETF in the second quarter valued at approximately $391,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Capital Group Core Balanced ETF during the second quarter valued at approximately $12,843,000.

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.