Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Up 2,211.6% in May

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,740,782 shares, an increase of 2,211.6% from the May 14th total of 75,307 shares. Based on an average trading volume of 2,888,853 shares, the short-interest ratio is currently 0.6 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Capital Group Core Balanced ETF

Several large investors have recently added to or reduced their stakes in CGBL. Kestra Investment Management LLC boosted its position in Capital Group Core Balanced ETF by 1.1% in the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock valued at $898,000 after buying an additional 276 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in shares of Capital Group Core Balanced ETF by 3.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after acquiring an additional 286 shares during the period. Allworth Financial LP increased its position in shares of Capital Group Core Balanced ETF by 6.7% during the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after acquiring an additional 311 shares during the period. Beacon Financial Advisory LLC increased its position in shares of Capital Group Core Balanced ETF by 0.8% during the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after acquiring an additional 337 shares during the period. Finally, Balboa Wealth Partners raised its stake in shares of Capital Group Core Balanced ETF by 2.3% in the third quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock valued at $523,000 after acquiring an additional 342 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock traded up $0.09 during trading hours on Tuesday, hitting $37.19. The company had a trading volume of 4,955,265 shares, compared to its average volume of 1,431,778. The stock has a market capitalization of $6.19 billion, a PE ratio of 25.37 and a beta of 0.69. The company’s fifty day moving average is $36.61 and its 200 day moving average is $36.00. Capital Group Core Balanced ETF has a fifty-two week low of $32.46 and a fifty-two week high of $38.05.

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.