Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Up 176.5% in July

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 446,461 shares, a growth of 176.5% from the June 30th total of 161,468 shares. Based on an average daily volume of 1,119,550 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Capital Group Core Bond ETF Price Performance

NYSEARCA CGCB traded up $0.08 during trading on Tuesday, reaching $26.01. 1,078,496 shares of the company’s stock were exchanged, compared to its average volume of 1,180,588. The business has a 50 day moving average price of $26.11 and a 200-day moving average price of $26.35. Capital Group Core Bond ETF has a fifty-two week low of $25.82 and a fifty-two week high of $26.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cauble & Harre Wealth Management Inc. acquired a new stake in shares of Capital Group Core Bond ETF during the 4th quarter worth about $1,218,000. UBS Group AG grew its stake in Capital Group Core Bond ETF by 63.5% in the 4th quarter. UBS Group AG now owns 344,151 shares of the company’s stock valued at $9,127,000 after buying an additional 133,670 shares during the last quarter. Saxony Capital Management LLC grew its stake in Capital Group Core Bond ETF by 49.6% in the 4th quarter. Saxony Capital Management LLC now owns 121,302 shares of the company’s stock valued at $3,217,000 after buying an additional 40,221 shares during the last quarter. Clear Point Advisors Inc. raised its holdings in Capital Group Core Bond ETF by 89.3% in the 4th quarter. Clear Point Advisors Inc. now owns 55,614 shares of the company’s stock valued at $1,475,000 after acquiring an additional 26,232 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Capital Group Core Bond ETF by 5.2% in the 4th quarter. Merit Financial Group LLC now owns 2,035,628 shares of the company’s stock valued at $53,985,000 after acquiring an additional 99,718 shares during the period.

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.