Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Update

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 161,304 shares, a decrease of 69.8% from the August 31st total of 534,551 shares. Based on an average daily volume of 1,327,760 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Capital Group Core Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in Capital Group Core Bond ETF by 13.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 134,619 shares of the company’s stock valued at $3,524,000 after purchasing an additional 16,455 shares during the period. Envestnet Asset Management Inc. grew its position in Capital Group Core Bond ETF by 12.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,721,547 shares of the company’s stock worth $202,150,000 after purchasing an additional 841,106 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Capital Group Core Bond ETF by 104.3% during the 2nd quarter. Capital Analysts LLC now owns 28,697 shares of the company’s stock worth $752,000 after purchasing an additional 14,653 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Capital Group Core Bond ETF by 24.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 162,034 shares of the company’s stock worth $4,242,000 after purchasing an additional 32,226 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Capital Group Core Bond ETF by 30.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,527,732 shares of the company’s stock worth $39,996,000 after purchasing an additional 352,251 shares during the period.

Capital Group Core Bond ETF Stock Performance

CGCB traded down $0.15 during midday trading on Monday, reaching $25.10. The company’s stock had a trading volume of 1,228,716 shares, compared to its average volume of 1,298,871. The company has a fifty day simple moving average of $25.75 and a 200 day simple moving average of $26.06. Capital Group Core Bond ETF has a twelve month low of $25.06 and a twelve month high of $26.91.

Capital Group Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a $0.1071 dividend. This is a positive change from Capital Group Core Bond ETF’s previous monthly dividend of $0.0806. This represents a $1.29 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, July 31st.

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.