Capital Group Core Balanced ETF (NYSEARCA:CGBL) Shares Shorted: Short Interest Up 1,096.4% in September

Capital Group Core Balanced ETF (NYSEARCA:CGBL) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 776,722 shares, a growth of 1,096.4% from the September 15th total of 64,919 shares. Based on an average trading volume of 1,371,029 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGBL. Parkside Financial Bank & Trust purchased a new stake in Capital Group Core Balanced ETF in the second quarter valued at about $33,000. Anchor Investment Management LLC acquired a new position in shares of Capital Group Core Balanced ETF during the first quarter valued at about $43,000. CX Institutional acquired a new position in shares of Capital Group Core Balanced ETF during the third quarter valued at about $78,000. CoreCap Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 130.9% in the 3rd quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock valued at $78,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $171,000.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL traded up $0.11 on Friday, hitting $37.16. The stock had a trading volume of 816,107 shares, compared to its average volume of 1,509,547. The business’s fifty day moving average price is $37.77 and its 200 day moving average price is $37.18. Capital Group Core Balanced ETF has a 52-week low of $33.67 and a 52-week high of $38.68. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.2056 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

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.