Short Interest in Capital Group Core Bond ETF (NYSEARCA:CGCB) Decreases By 72.1%

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 124,475 shares, a decrease of 72.1% from the July 15th total of 446,461 shares. Based on an average trading volume of 1,067,201 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Capital Group Core Bond ETF

A number of institutional investors have recently bought and sold shares of CGCB. LPL Financial LLC lifted its holdings in Capital Group Core Bond ETF by 30.4% during the 4th quarter. LPL Financial LLC now owns 22,259,688 shares of the company’s stock valued at $590,327,000 after purchasing an additional 5,195,824 shares during the last quarter. Capital International Investors raised its position in shares of Capital Group Core Bond ETF by 24.4% in the fourth quarter. Capital International Investors now owns 23,650,039 shares of the company’s stock valued at $627,199,000 after purchasing an additional 4,641,432 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Capital Group Core Bond ETF by 92.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,905,361 shares of the company’s stock worth $77,050,000 after buying an additional 1,395,908 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Capital Group Core Bond ETF during the 4th quarter worth about $25,716,000. Finally, Bank of America Corp DE grew its stake in Capital Group Core Bond ETF by 36.1% in the 1st quarter. Bank of America Corp DE now owns 3,646,178 shares of the company’s stock valued at $95,749,000 after buying an additional 968,033 shares during the last quarter.

Capital Group Core Bond ETF Price Performance

Shares of CGCB opened at $25.94 on Thursday. The firm has a 50-day moving average of $26.05 and a 200-day moving average of $26.29. Capital Group Core Bond ETF has a one year low of $25.70 and a one year high of $26.91.

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.