Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Up 2,493.5% in February

Capital Group Core Bond ETF (NYSEARCA:CGCB) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 832,581 shares, an increase of 2,493.5% from the January 29th total of 32,103 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,178,206 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 1,178,206 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are short sold.

Capital Group Core Bond ETF Price Performance

CGCB opened at $26.89 on Friday. Capital Group Core Bond ETF has a 12 month low of $25.57 and a 12 month high of $26.91. The stock has a fifty day moving average price of $26.62 and a 200-day moving average price of $26.61.

Capital Group Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were issued a $0.069 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hunter Associates Investment Management LLC raised its stake in shares of Capital Group Core Bond ETF by 4.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 9,130 shares of the company’s stock worth $244,000 after acquiring an additional 400 shares in the last quarter. Lantern Wealth Advisors LLC grew its holdings in Capital Group Core Bond ETF by 4.9% in the third quarter. Lantern Wealth Advisors LLC now owns 9,104 shares of the company’s stock worth $242,000 after purchasing an additional 425 shares during the last quarter. Aurdan Capital Management LLC increased its position in shares of Capital Group Core Bond ETF by 1.6% during the third quarter. Aurdan Capital Management LLC now owns 31,268 shares of the company’s stock worth $831,000 after purchasing an additional 482 shares in the last quarter. CWS Financial Advisors LLC lifted its holdings in shares of Capital Group Core Bond ETF by 1.8% during the 3rd quarter. CWS Financial Advisors LLC now owns 30,759 shares of the company’s stock valued at $818,000 after purchasing an additional 555 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its position in shares of Capital Group Core Bond ETF by 4.7% in the 3rd quarter. Trilogy Capital Inc. now owns 12,624 shares of the company’s stock worth $336,000 after purchasing an additional 564 shares in the last quarter.

Capital Group Core Bond ETF Company Profile

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.