Capital Group Core Balanced ETF (NYSEARCA:CGBL) Sees Large Decrease in Short Interest

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 187,113 shares, a decline of 75.7% from the July 15th total of 769,892 shares. Based on an average daily trading volume, of 1,710,169 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Capital Group Core Balanced ETF Trading Down 0.4%

CGBL traded down $0.16 during trading on Friday, reaching $38.41. The stock had a trading volume of 1,349,809 shares, compared to its average volume of 1,567,104. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The stock’s 50 day moving average is $37.64 and its two-hundred day moving average is $36.71. Capital Group Core Balanced ETF has a one year low of $33.56 and a one year high of $38.68.

Hedge Funds Weigh In On Capital Group Core Balanced ETF

A number of hedge funds have recently bought and sold shares of CGBL. Accel Wealth Management lifted its holdings in shares of Capital Group Core Balanced ETF by 184.4% during the second quarter. Accel Wealth Management now owns 60,453 shares of the company’s stock valued at $2,295,000 after purchasing an additional 39,200 shares in the last quarter. KWB Wealth raised its position in Capital Group Core Balanced ETF by 38.0% in the 2nd quarter. KWB Wealth now owns 925,891 shares of the company’s stock worth $35,147,000 after buying an additional 254,970 shares during the last quarter. Professional Financial Advisors LLC purchased a new position in Capital Group Core Balanced ETF in the 2nd quarter worth about $360,000. Focus Financial Network Inc. lifted its stake in Capital Group Core Balanced ETF by 84.5% during the 2nd quarter. Focus Financial Network Inc. now owns 18,221 shares of the company’s stock valued at $695,000 after acquiring an additional 8,344 shares during the period. Finally, Adamsbrown Wealth Consultants LLC bought a new position in Capital Group Core Balanced ETF during the 2nd quarter valued at about $243,000.

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.