Congress Intermediate Bond ETF (NYSEARCA:CAFX) Sees Significant Increase in Short Interest

Congress Intermediate Bond ETF (NYSEARCA:CAFX) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,678 shares, an increase of 750.9% from the August 15th total of 1,490 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 16,987 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Congress Intermediate Bond ETF

An institutional investor recently bought a new position in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,497 shares of the company’s stock, valued at approximately $113,000.

Congress Intermediate Bond ETF Price Performance

Shares of NYSEARCA CAFX opened at $24.21 on Friday. The firm’s 50-day moving average price is $24.50 and its two-hundred day moving average price is $24.70. Congress Intermediate Bond ETF has a 52-week low of $24.21 and a 52-week high of $25.38.

About Congress Intermediate Bond ETF

The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.